RATE Group | Why Ethereum Could Rally by Over 100% Against Bitcoin: Analyst
73164
wp-singular,post-template-default,single,single-post,postid-73164,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Why Ethereum Could Rally by Over 100% Against Bitcoin: Analyst

24 Dec Why Ethereum Could Rally by Over 100% Against Bitcoin: Analyst

Posted at 16:57h in Bitcoin News by

[ad_1]

Although all eyes have been on Bitcoin as of late, it may be time to pay some heed to altcoins like Ethereum and XRP. According to a recent analysis of the ETH/BTC chart, Ether may soon rally by over 100% against the leading cryptocurrency Bitcoin, with technical and fundamental factors supporting a rally in this trading pair.

Related Reading: XRP Could Soon Fall Against Bitcoin, Analyst Warns as Pressure Builds

Ethereum/Bitcoin Could Surge 100%, Analyst Says

According to a trader, the chart of ETH/BTC is setting up for an upward breakout in the coming months, drawing attention to two key technical factors: a colossal falling wedge that has been in place for over a year now, coupled with a 15-month-long bullish divergence between the price action and the Moving Average Convergence Divergence (MACD).

This, he claimed, will support an Ethereum against Bitcoin rally of over 100% by the end of 2021.

[ad_2]

Source link

Tags:
, , , ,