RATE Group | Last Time This Signal Flashed, Bitcoin Surged Over 2,000%. Now It’s Ethereum’s Turn
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Last Time This Signal Flashed, Bitcoin Surged Over 2,000%. Now It’s Ethereum’s Turn

22 Feb Last Time This Signal Flashed, Bitcoin Surged Over 2,000%. Now It’s Ethereum’s Turn

Posted at 01:02h in Bitcoin News by

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Ethereum didn’t fare too well in 2019, as this very outlet reported at the end of last year; in fact, the cryptocurrency posted a negative performance.

But, key indicators show that ETH is about to mount an extremely strong, potentially even explosive and parabolic, rally.

Ethereum Could Soon Enter Explosive, Parabolic Rally: Indicator

Cryptocurrency trader Alunaut recently noted that a monumental sign has been seen on the one-week chart of Ethereum.

The price of the asset recently crossed above and confirmed a close above the Ichimoku Cloud, boding extremely well for ETH’s bull case moving forward.

Indeed, when this was seen with Bitcoin in 2016, the cryptocurrency proceeded to rally by thousands of percent to $20,000 in the months that followed.

This historical precedent suggests Ethereum could do extremely well in the coming year or two years.

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