RATE Group | Important Long Term Ethereum Signal Ready To Flip Bullish
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Important Long Term Ethereum Signal Ready To Flip Bullish

08 Oct Important Long Term Ethereum Signal Ready To Flip Bullish

Posted at 21:52h in Ethereum News by

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With altcoins like Ethereum and XRP at extreme lows, and Bitcoin now falling, the entire crypto market is at risk of falling deeper into a bear market.

But if an important long-term technical indicator on Ethereum price charts flips bullish in the coming days, Ethereum may break above resistance, causing price to surge and the crypto asset to save the rest of the market from falling further.

ETH/BTC Long-Term Indicator About to Signal But Revival

The entire crypto market is driven by Bitcoin, and a select few of “major” altcoins with the highest market capitalization. Ethereum is one of those main market drivers, and was partly responsible for the 2017 crypto hype bubble due to the ICO boom.

Related Reading | ETH, XRP, LTC and Other Large Cap Altcoins Poised For 20% Breakout 

But after that bubble popped, Ethereum fell over 90% from its all-time high, and it has struggled ever since – almost two full years now – to regain lost ground and return to a bull market.

Instead, each…

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