Time is ticking for the two largest cryptocurrencies in the world even as bullish momentum continues to build up in the crypto market. If this plays outright, we can expect to see a massive surge in price for Both ETH and BTC soon! And that might even be this week.
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ETH A Leading Indicator For Bitcoin
Ethereum is correlated to the Bitcoin price to some certain degree (i.e when Bitcoin moves, Ethereum will follow and vice versa) and right now we are seeing the Erhereum price retest and consolidate on the previous ATH key support.
This break and retest of a key level is a very bullish indicator for Ethereum and if this support level holds we can expect to see a very bullish week for Ethereum.
This bullishness in the Ethereum price will likely translate to the Bitcoin price, meaning there is a very high probability that we see Bitcoin finally breakthrough the neckline for the inverse head and shoulder pattern we talked about in our previous analysis Bitcoin Still Looking Very Bullish. Here Is Why
To take advantage of these trade setups in Bitcoin and Ethereum using leverage, you can register and sign up on Bybit. The platform is fantastic for both beginners and experienced traders.
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You can also check out our short Youtube video with The Moon where we talked about a coming price surge to the $700,000 price region in the coming years and why we think it is very possible.
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