A few months ago, we made a video called, “Ethereum: The accumulation phase of a lifetime.” During the time of that video, the price of Ethereum was in the low $200s. Now that Ethereum has rallied to over $400, can we continue to say the same thing? While the risk of buying Ethereum right now is much higher than it was a few months, the bullishness displayed by Bitcoin should encourage more confidence in Ethereum over the next few months. The key aspect to consider is whether or not Bitcoin can reduce its volatility a bit and pass the spotlight over to Ethereum for a while. One key indicator to watch is of course Bitcoin’s 20 week moving average. As long as Bitcoin stays well above that, then the catalyst for a nice ETH move is there, we just need BTC volatility to cool down for a few weeks.
What do you guys think? Is Ethereum in the re-accumulation phase of a lifetime? Or are we going to go back down into the logarithmic regression band for a while? Let me know what you think in the comments below!
Join the Premium List:
Alternative Option:
Telegram:
Twitter:
Discord:
Facebook:
Reddit:
Website: