RATE Group | Ethereum Could Surge 100% Against Bitcoin as Bull Case Grows, Istanbul Activates
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Ethereum Could Surge 100% Against Bitcoin as Bull Case Grows, Istanbul Activates

09 Dec Ethereum Could Surge 100% Against Bitcoin as Bull Case Grows, Istanbul Activates

Posted at 01:52h in Bitcoin News by

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According to a prominent analyst, Ethereum’s chart structure is starting to favor a breakout of the cryptocurrency against Bitcoin.

Cryptocurrency trader CryptoWolf recently noted that the long-term ETH/BTC chart is starting to print an array of signs that may imply a breakout is coming. This array of signs includes but is not limited to the existence of a 12-month-long Moving Average Convergence Divergence (MACD) bullish divergence, a 24-month-long falling wedge correction that looks prime to strongly break to the upside, and a Relative Strength Index reading that implies momentum is in the bulls’ court.

He thus noted that there’s a good likelihood that Ethereum rallies to 0.05661 BTC —…

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