Home>EXCHANGES>How Ethereum Could Outperform The Bitcoin Chart
EXCHANGES

How Ethereum Could Outperform The Bitcoin Chart



Bitcoin has found another temporary consolidation zone in the low $10k region but Ethereum is still marching higher. One analyst has turned very bullish on ETH and can see it outperforming the bitcoin chart.

Ethereum Taps Another High
ETH prices have touched another new seven month high of just under $290 according to Tradingview.com. There has been no pullback yet for the world’s second most popular crypto asset as it continues to march higher.
ETH prices 1 hour chart – Tradingview.com
$300 is definitely on the cards now as predicted by Bitcoinist a couple of days ago. The recent move above resistance has resulted in a gain of 120% so far this year for Ethereum. It has already outperformed its big brother which has made around 45% over the same period.
There is further resistance at $320 then nothing stopping it revisiting last year’s high of $360. Beyond that $400 will be the next target as this area served as strong support and resistance during the 2017 rally.
Trader and popular analyst Josh Rager has been eyeing the BTC/ETH chart noting that prices have revisited an accumulation zone similar to one back in 2016.
“Don’t underestimate ETH, it can run against and out-perform the Bitcoin chart”

$ETH/ $BTC
This chart is a beauty
Accumulation zone that began back in 2016, imagine seeing the price go back down in this range and not buying or swing trading
Don’t underestimate ETH, it can run against and out-perform the Bitcoin chart
One can use ETH to stack sats pic.twitter.com/b1BRXLXfB6
— Josh Rager 📈 (@Josh_Rager) February 14, 2020

These are BTC prices for ETH, not USD which is why the potential is much greater. Ethereum has been in the depths of its first major bear market which has lasted over two years. Once it finally breaks out of this there will be huge gains against both fiat and bitcoin.
Even with the latest momentum, Ethereum is still 80% off its previous all-time high whereas BTC is less than 50% down. Ethereum therefore has a lot further to run in the short term while bitcoin may not get the momentum until the year after the halving as it has done previously.
The analyst added that he would wait for a retrace before buying in and is very bullish on ETH this year which has a lot in the pipeline. Additionally, it is usually the high cap crypto assets that recover first if this is to be the beginning of an altseason.
Rager mentioned that ETH can be used to stack sats but its likely use will be for collateral in DeFi markets. The amount of ETH locked up in DeFi has surged over 80% in the past seven months and this trend is set to continue which is all bullish for demand and prices.
How high will Ethereum prices go in 2020? Add your predictions below. 

 

source: https://bitcoinist.com/how-ethereum-could-outperform-the-bitcoin-chart/

TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT

Send Tip now!

Post source: How Ethereum Could Outperform The Bitcoin Chart

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com





  • Bitcoin
  • Ethereum
  • Bitcoin cash
  • Litecoin
  • Cardano
  • Dash
  • Stellar
  • Ethereum classic
  • Lisk
  • Tron
  • Neo
  • Qtum
  • Omisego
  • Binance coin
  • Zcash
Scan to Donate Bitcoin to 1J6PGL1oemFb3hxabLygq4WgWx8cbfji1r

Please help us if you can with some Bitcoin

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0xA8E701dd11280a98e8F2e0A14064AC829E32D50F

Please help us if you can with some Ethereum

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Bitcoin cash to qrth4e0g93h3gpxex8ycwuxtsa332tha5qvkmlz0g5

Please help us if you can with some Bitcoin cash

Scan the QR code or copy the address below into your wallet to send some Bitcoin cash

Scan to Donate Litecoin to LTxxjySMDtERJhHYJ99UFW9AamAWTwCAZ4

Please help us if you can with some Litecoin

Scan the QR code or copy the address below into your wallet to send some Litecoin

Scan to Donate Cardano to DdzFFzCqrhsopoZLhbouUwh2NvvWMPeFrXQW9vNNpPKrjKbRGyLRN5joJgCeZ6e1MRHtPHeLffpkNpQs5AdDA8qFCZ4gA9bYtaerNQTk

Please help us if you can with some Cardano

Scan the QR code or copy the address below into your wallet to send some Cardano

Scan to Donate Dash to XmAdEHrwiVZJVkAxe8hK5U6HZB59L5yhmK

Please help us if you can with some Dash

Scan the QR code or copy the address below into your wallet to send some Dash

Scan to Donate Stellar to GD4KROE42HPOMT7BT6M27HHLFCOSIXPYY2V3WSCX5FYEWRJDIJQ4RWFT

Please help us if you can with some Stellar

Scan the QR code or copy the address below into your wallet to send some Stellar

Scan to Donate Ethereum classic to 0x5BF3fCAC8deA20CF21C9D0D9d058E00EEfc431Ae

Please help us if you can with some Ethereum classic

Scan the QR code or copy the address below into your wallet to send some Ethereum classic

Scan to Donate Lisk to 15642042552518336132L

Please help us if you can with some Lisk

Scan the QR code or copy the address below into your wallet to send some Lisk

Scan to Donate Tron to TYnAenRiV6BsTiE6FVyAcDDxZtBKUQTFxN

Please help us if you can with some Tron

Scan the QR code or copy the address below into your wallet to send some Tron

Scan to Donate Neo to ATiXRHVqYqrNktbxJfcDETfnrSUWSG4cPb

Please help us if you can with some Neo

Scan the QR code or copy the address below into your wallet to send some Neo

Scan to Donate Qtum to QUYXxY6kX7TY2HSLwVYMwFaJNZLwvX5uyp

Please help us if you can with some Qtum

Scan the QR code or copy the address below into your wallet to send some Qtum

Scan to Donate Omisego to 0xA8E701dd11280a98e8F2e0A14064AC829E32D50F

Please help us if you can with some Omisego

Scan the QR code or copy the address below into your wallet to send some Omisego

Scan to Donate Binance coin to 0xA8E701dd11280a98e8F2e0A14064AC829E32D50F

Please help us if you can with some Binance coin

Scan the QR code or copy the address below into your wallet to send some Binance coin

Scan to Donate Zcash to t1cBCyKgSSqWaNrkpvQZUSTuxMmAbbAyFpZ

Please help us if you can with some Zcash

Scan the QR code or copy the address below into your wallet to send some Zcash



Source link

Review Overview

Summary