Crypto:
29881
Bitcoin:
$68.565
% 0.63
BTC Dominance:
%52.7
% 0.31
Market Cap:
$2.57 T
% 0.03
Fear & Greed:
75 / 100
Bitcoin:
$ 68.565
BTC Dominance:
% 52.7
Market Cap:
$2.57 T

Ethereum (ETH) Analysis and Status of Altcoins!

Ethereum (ETH)

We have seen an emerging trend in our market, especially along with ETF rumors, in Bitcoin ( BTC ) and Ethereum ( ETH ). We had seen that Coinbase continuously purchased before the rise and that we encountered such a situation in the previous major increase. This may mean that many corporates may be stockpiling through Coinbase. The point we all wonder the most is what points need to be exceeded for this trend to continue? Besides, under which point should we close to say that the trend has been broken?

You might like: Coinbase Claims the SEC has Overstepped its Boundaries

In this rise, we can see that Bitcoin has increased much more than Ethereum. Actually, the Ethereum pumps were exciting us much more. This time it was not like that we can say it tried to keep up with Bitcoin.

eth

Let’s talk short and to the point. For the trend to continue, we need to close at least 4 hours above $1856 in Ethereum ( ETH ). If we make this close, our journey to the $2000 price will start sharply.

Every closure we make below the value of $1756 makes us inclined to close the gap in the pink box.

eth btc

The other important parity that we are interested in is ETH/BTC. This chart shows the power of Ethereum against Bitcoin. We also need this chart to interpret altcoins in a positive way.

We can safely say that we have come to an area where we need to react now. As long as Bitcoin does not dump, we can expect Ethereum to strengthen and this to reflect on altcoins. Besides, a closing under the pink box could push us to say different things!


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