Massive Ethereum (ETH) Surge Is Around The Corner
It’s been recently revealed that there is a massive Ethereum surge around the corner. Check out the latest optimistic reports here. According to the latest reports, a leading crypto analyst and trader is predicting that...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It’s been recently revealed that there is a massive Ethereum surge around the corner. Check out the latest optimistic reports here.
According to the latest reports, a leading crypto analyst and trader is predicting that two of the largest crypto assets by market cap are primed for a rally.
The pseudonymous analyst who is known as Smart Contracter just said that the leading smart contract platform Ethereum is set to break out against Bitcoin (ETH/BTC).
“ETH/BTC when, not if.”
Smart Contracter’s chart is showing the fact that the pair could take out its diagonal resistance and rally to above 0.14 BTC ($8,913), a level last reached during the final leg for the 2017 bull cycle.
Ethereum is trading at around $4,600 while Bitcoin is exchanging at around $64,185 at the time of writing.
Late last month, the popular crypto analyst predicted Ethereum would reach a price of $10,000.
ETH/BTC pairHe also made sure to highlight the fact that the ETH/BTC pair had broken out of a large inverse head and shoulders formation (IHS) – just in case you don’t know, this is a technical pattern indicating the start of an uptrend.
“ETH/BTC is still huge IHS [inverse head and shoulders pattern] breakout after a three-year base. It may have been somewhat boring the last few months but make no mistake about it, this is re-accumulation in a monster uptrend. $10,000 ETH isn’t a meme.”
He also addressed a prediction about Binance Coin. Smart Contracter says the utility token of global crypto exchange Binance is still on track to record a fresh all-time high (ATH) above $800.
Alex Kruger also had something to say about the price of ETH.
Bitcoin + Solana > Ethereum
It’s just common sense
Ethereum is trying to do it all itself. That’s how you fail.
Bitcoin will always be safer and more decentralized. Solana will always be faster and cheaper.
— Alex Krüger (@krugermacro) November 13, 2021
Stay tuned for more news.
The post Massive Ethereum (ETH) Surge Is Around The Corner first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Ethereum Foundation researcher Justin Drake urges crypto to prepare ‘bunker mode’ for AI threats
AI advancements could accelerate blockchain vulnerabilities, urging the crypto industry to prioritize security measures and proact...
Ethereum researcher Justin Drake calls for ‘bunker mode’ planning over private key recovery risk
Justin Drake recommended moving crypto assets to fresh addresses that keep their public keys hidden behind a hash.
Ethereum (ETH) Price Prediction: ETH Eyes Recovery From $2,600 as $2,666-$2,689 Becomes Resistance
Ethereum price is holding around $2,618 as buyers attempt to preserve the latest recovery, but the market is approaching a decisiv...
Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract
Another Ethereum Layer 2 chain bites the dust: Just days after the creators of the once-hyped Blast said they’re shutting down the...
Bitcoin’s recovery stalls just short of rescuing its last underwater cohort
Yearly buyer cohorts and U.S. spot ETF investors offer a map of potential support and resistance as bitcoin retreats below $84,000...
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disn...