Dec 16, · While bitcoin has touched a new all-time price high, the second-largest crypto market held by ethereum has also gained a lot of momentum. On . One River Asset Management, a hedge fund specializing in volatility bets, has already invested over USD m in cryptoassets and has commitments that will bring its holdings of bitcoin (BTC) and ethereum (ETH) to about USD 1bn as of early. Mar 21, · Ethereum has fundamental advantages that hopefully will help Ethereum price suppress Bitcoin in the coming years. Trading Ethereum should only be done with money you can afford to lose. This is because the whole cryptocurrency market it’s mostly based off of speculation. Nobody really knows what the potential is and what the future holds.5/5(1).
Trading ethereum for bitcoinHow to Trade Ethereum the Next Bitcoin
However, it was a big participant in the Bitcoin-led rally that dominated this week. Obviously, ETH has shown an extreme correlation with BTC, but the correlation is not all that the coin has going for it. Ethereum has recently concluded Phase 0 of its Ethereum 2. Not to mention that DeFi, which went huge this year, was born on Ethereum, and the second-largest crypto project is still the most dominant platform for DeFi project development.
With this week being a massive success for Bitcoin and Ethereum, many are now waiting to see how will this all play out. After all, historical data suggests that BTC typically surges quite a bit several months after going through one of its halvings.
There are some who disagree with this, noting that the two are unrelated, and that Bitcoin moves in cycles, with the fact that growth comes after halving being only a coincidence. Others expect the coin to experience a major correction, which may pull it down to some lower levels, potentially even cutting its price in half.
While this might be a possibility, the demand for the coin is higher than ever, and so is BTC price, as the new bull run that was awaited since is finally starting. As for Ethereum, the coin is still tied to Bitcoin itself, and it is unlikely that it will decouple from it anytime soon.
But, there is no doubt that ETH has a lot of potential, and that it will likely start attracting even more traders as it progresses towards Ethereum 2.
Crypto Hub. Economic News. Expand Your Knowledge. Forex Brokers Filter. Trading tools. Macro Hub. Corona Virus. Stay Safe, Follow Guidance.
World 79,, Confirmed. Fetching Location Data…. Get Widget. Big Week for Bitcoin and Ethereum — The Largest Coins Experience a Strong Price Surge is finally coming to an end, and given everything that happened this year, not a lot of people will be particularly sad that it is ending.
Anissimov Konstantin. You can take a shot at candle close or wait a Every day the big picture become more clear! Want to see the price close back above red line, thats the trigger for my long entry.
But the good news is it can't get much worse! The 1st gap was D The 2nd gap was D 1st gap x 1. Midterm forecast: While the price is above the support 0. We make sure when the resistance at 0. If the support at 0. Technical analysis: While the RSI downtrend 1 is not broken, bearish wave in price would continue. A peak is Videos only. This time it's different. ETH to the moon? Ethereum vs Bitcoin. Alt-party in january?