Ethereum To Post a Massively Bullish Signal?
Ethereum to crank things up? So it may seem:
- Ethereum has seen some immense strength in the time following its capitulatory plunge towards $1,000
- The cryptocurrency’s V-shaped recovery has allowed it to gain serious ground against Bitcoin, even posting a massive breakout against the benchmark crypto
- Where it trends next will undoubtedly depend largely on whether or not bulls can maintain their control over the market
- BTC remaining stable is also important, as any intense BTC selloff could create headwinds that hamper ETH’s near-term growth
- One analyst is now noting that Ethereum is on the cusp of posting an incredibly bullish long entry signal
- If confirmed, this could be a sign that ETH’s uptrend is just getting started
