RATE Group | Here’s What Comes After 20% Week
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Here’s What Comes After 20% Week

18 Jan Here’s What Comes After 20% Week

Posted at 05:43h in Ethereum News by

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Over the past seven days, Ethereum (ETH) has exploded higher, gaining 20% according to price data from Coin360. This meant that it outperformed Bitcoin (BTC), which gained 9% within the same time period.

ETH has actually underperformed a swath of other altcoins, some of which saw massive parabolic rallies in the span of a few days: the Satoshi Vision fork (BSV) gained around 250% at the peak of the rally this week, Ethereum Classic gained 100% in a few days, and ZCash more than doubled.

Related Reading: Watch Out, This New Bitcoin Scam Is All Over Youtube

Despite ETH’s objectively extremely strong performance, analysts are currently worried about what comes next for the second-largest cryptocurrency by market capitalization.

Ethereum Not Headin’ Any Higher, Analyst Concludes

Full-time cryptocurrency trader Calmly recently pointed out that Ethereum’s two-hour chart is showing clear signs of topping in the short term. He elaborated on this point, writing:

“Hard for me to call a…

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