Sunday 19 July 2020

Ethereum: The accumulation phase of a lifetime

Ethereum has been fairly stagnant over the last few weeks, despite impressive moves in the rest of the cryptocurrency market. Technical Analysis Video by Benjamin Cowen.

However, to move a coin like Ethereum will be much more than a short term bubble, but likely a multi-year bull run that will shock the entire market. ETH likely has a very bright future, and is presenting the accumulation phase of a lifetime.

During the last market cycle, it was BTC holding the 20 week moving average that ultimately propelled ETH to new heights. Will history repeat itself? Will Bitcoin hold the 20 week MA later this year and be the catalyst that Ether needs?