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Ethereum grows $ 130
While the crypto market has slowed down in recent days, Ethereum (ETH) has recently gained momentum. The popular cryptocurrency, which recently surpassed the XRP in terms of market capitalization, has risen 6.00% over the last 24 hours, to sell at $ 130.52 the unit. Many have argued that this move is a byproduct of ETHDenver, one of the most important annual events of the entire Ethereum ecosystem.
Be that as it may, the fact is that ETH has outperformed its counterparts in recent memory. This has left many people wondering: what is the next step for Ether?
According to Ledger Status, many technical factors indicate that the cryptographic asset could experience a "major change" in the near future. Quoting the ETH / BTC daily chart, the prominent analyst, who has more than 66,000 followers on Twitter, said ETH had exceeded its 200-day moving average for the first time in months. In addition, the 50-day active AM and the 200-day MEA are about to cross, which is considered a key event by many commentators.
Thus, Ledger concluded that, from the point of view of trading in US dollars, he was targeting "about $ 180" for Ethereum. The analyst did not give a precise timetable, but it was clearly indicated that he was addressing the medium-term chart.
DonAlt, another prominent trader, made a similar comment, but with even more optimistic nuances. He recently claimed that Ether against Bitcoin could start a longer-term rally, unless he manages to break the resistance at .045.
Bitcoin Breakout builds maybe too
While the aforementioned comments give the impression that only Ethereum is preparing for a strong movement, other analysts have argued that the flagship cryptocurrency could also escape.
Josh Rager, an adviser to TokenBacon and Blackwave, recently went on Twitter to share some of Bitcoin's graphical chart analysis. While Josh did not have an explicit forecast because of the non-volatility of BTC's value, he noted that since cryptocurrency has not yet reached its "weekly historical support level", it is probably building his "next strong move."
But in what way will he go?
Many argue that low lows are part of the broader asset class of cryptocurrencies. CoinTelegraph reported yesterday that Brian Kelly of BKCM and CNBC would not be "surprised" if BTC were to reach less than $ 1,500. Crypto Dog, echoed Kelly's feelings almost perfectly, pointing out that a $ 1,800 bitcoin is not only possible, but that such a decision would not upset him in the least.
From a less anecdotal point of view, technical analysts are adamant: the lowest lows of this market are inbound. Financial Survivalism noted that, according to Bitcoin's "Hyperwave" analysis, this asset could fall to $ 1,165 in the near future. He was so convinced that Bitcoin would finally reach that price level, 68% below the current level, that he launched a bet with Murad Mahmudov, a leading crypto analyst and partner at Adaptive Capital, who is waiting this market reaches a floor in April / May. According to Survivalism's tweet, he bet 0.1 BTC, worth $ 360 currently, that the flagship cryptocurrency would reach $ 1,165 on Bitstamp before $ 10,200.
Title Image provided by Descryptive.com via Unsplash
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