Ethereum May Exponentially Outperform Bitcoin In The Next Cycle

According to the latest reports, it seems that ETH could outperform BTC in the coming cycle. Check out the latest news below.

It’s been just revealed the fact that Real Vision CEO Raoul Pal says Ethereum’s (ETH) technicals and fundamentals suggest the second-largest cryptocurrency may massively outperform Bitcoin (BTC) in the coming cycle.

In a new interview on the crypto-focused YouTube channel Altcoin Daily, Pal says he has his eye on the chart of Ethereum against Bitcoin (ETH/BTC).

He said that the ETH/BTC pair is coiling inside a wedge, and a breakout could send ETH into a rally that leaves Bitcoin in the back seat.

Pal also continued and said this:

“There’s the chart of Ethereum versus Bitcoin. That’s one hell of a wedge.”

He continued:

“If that plays out, then we should see ETH doing 1x, 2x, 3x, 4x [or] 5x Bitcoin in the next run. And ETH probably won’t be the best performing crypto either.”

Accoridng to the latest reports, it seems that the popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom is predicting a massive rally for Ethereum (ETH).

The pseudonymous analyst Smart Contracter said recently that Ethereum appears to be at the end of a correction and ready to surge.

“ETH/BTC just took out a six-month low, only 3% lower before my major buy zone.

Not the circumstances I was expecting this to happen under (I thought ETH and BTC would be falling but ETH more so) but there’s no chance I’m missing the monster ETH rally that’s coming.”

Looking at his chart, the analyst shows ETH/BTC in a downward correction and about to tap the crucial 0.618 Fibonacci retracement support, which traders see as a likely point for a bounce.

At the moment of writing this article, ETH is trading in the green and the coin is priced at $1,792.