Ethereum rallied so far and fast in 2017 that there was a point at which analysts were expecting the market capitalization of ETH to flip that of Bitcoin. Fittingly, this event was dubbed the “flippening.”
But since the 2018 all-time high, the cryptocurrency has deflated massively. One Ethereum used to buy close around 0.15 BTC, but now it can buy only around 0.025 BTC — a more than 80% drop from the all-time high.
A growing number of analysts are coming to the conclusion, though, that it may be time for Ethereum to gain ground on Bitcoin once again. Whether the gains of 2017 and 2018 can be repeated, though, remains to be seen.
ETH Is Prepping for An Explosive Breakout
Ethereum is “coiling” for a breakout against Bitcoin, according to analyst Josh Olszewicz of Brave New Coin.
He explained that the Ichimoku Cloud is “leaning bull” for the first time since 2018, while the 50-day and 200-day moving averages tighten for a potential golden cross, supporting upside.
“ETH/BTC really coiling for a move leading into 2.0 phase 0 shenanigans. Cloud leans bull (not shown) for first time since mid-2018. golden cross poss soon,” according to Olszewicz.
Ethereum versus Bitcoin price chart shared by Brave New Coin crypto analyst Josh Olszewicz. It shows that the cryptocurrency is currently poised to most likely head higher against BTC.
Olszewicz’s optimism has been echoed to a T by Raoul Pal, chief executive of Real Vision.
He said after Ethereum’s recent outperformance that it “looks like Ether will outperform Bitcoin at some point (no position yet),” referencing a crucial breakout taking place as also indicated in Olszewicz’s chart.
Related Reading: The Ongoing Miner “Feeding Frenzy” Is Bullish for Bitcoin in the Long Run
Ethereum Is Also Bullish Against the U.S. Dollar
Notably, Olszewicz is also bullish on Ethereum’s performance against the U.S. dollar, not just its performance against BTC.
As reported by NewsBTC, the shared the chart seen below around the time he published the abovementioned chart.
It shows that Ethereum has entered into the key Ichimoku Cloud resistance, seen shaded in red. Referencing how the asset is likely to rally to the other end of the resistance in a so-called “end-to-end move,” Olszewicz remarked:
“One-week Ethereum chart. End to end to $750 triggers within the next few months probably.”
Chart of Ethereum’s macro price action from Brave New Coin analyst Josh Olszewicz.
Market Catalysts Abound
Ethereum is likely to be buoyed by a number of market catalysts playing out at the moment.
For one, Ethereum-based decentralized finance has seen increasing adoption over the past few months, with an increasing number of retail users interacting with DeFi smart contracts and more money flooding into this space.
According to Ryan Selkis, chief executive of crypto researcher Messari, DeFi gives ETH a “higher ceiling” to rally towards n the long run. Whether this was in reference to Ethereum’s performance against the dollar or against Bitcoin wasn’t made clear.
After the BTC bull run, I’ll start averaging into ETH again.
+ digital gold narrative will lead in this climate, but stablecoin progress / DeFi gives ETH a higher ceiling
+ near all time lows for the pair
+ let layer 1 wars settle down, ETH 2.0 beacon chain launch then buy pic.twitter.com/cPBPmsBVk3
— Ryan Selkis (@twobitidiot) May 16, 2020
Related Reading: Crypto Tidbits: $200M of Bitcoin Liquidated, Ethereum DeFi Adoption Limited, Bloomberg Is Bullish
Featured Image from Shutterstock
Price tags: ethusd, ethbtc
Ethereum Is "Coiling" for a Breakout as 2.0 Nears: Here's What Analysts Are Saying origin »
Ethereum could stutter around the $1,500-$1,650 region before continuing its descent toward $1,275.
The buyers have little strength right now, according to the OBV.
Ethereum [ETH] waThe post Ethereum price prediction: Why ETH's $1,550 level is at risk! appeared first on AMBCrypto.
As Ethereum (ETH) continues to solidify its position as a leader in the cryptocurrency ecosystem, founder Vitalik Buterin’s vision for decentralization remains the guiding principle for the Ethereum network.
ETH has declined by 46% over the past year.
Ethereum could drop to October 2023 levels of around $1657 as bearish sentiments persist.
Over the past month, Ethereum [ETH] has experienThe post Ethereum faces 46% yearly loss - A steeper decline is possible IF... appeared first on AMBCrypto.
Ethereum dropped over 55% in 14 months amid sustained sell-side pressure.
The $1,800 support level holds despite bearish sentiment and price volatility.
Ethereum’s [ETH] descent from a $4,The post Has Ethereum hit bottom? - What THIS metric says about ETH's future appeared first on AMBCrypto.
Whales are using the dip to aggressively buy Ethereum, even as the top altcoin’s dominance falls to historical lows of 8%. Like many other altcoins, Ethereum (ETH) remains largely weak as sell-off pressure for risk assets continues. Tariffs are a…
Ethereum users decided to lock their ETH after the Merge.
ETH exchange supply has diminished by 16.4% over the previous seven weeks.
The amount of Ethereum [ETH] on centralized exchanges hasThe post Ethereum’s supply drops to 2015 lows: How did investors' behavior shift? appeared first on AMBCrypto.
Ethereum's MVRV ratio indicates an undervalued market.
Whale activity is surging, with 44% of addresses driving the market.
Ethereum's [ETH] Market Value to Realized Value (MVRV) ratio was 0The post Ethereum whales dive in as ETH tests critical level - What's next? appeared first on AMBCrypto.
Despite a 30% price drop, Ethereum's staked ETH climbed to 33.98 million
Long-term confidence has been shaken by ETH ETF's recent outflows
Ethereum [ETH] has proven its resilience, even in tThe post Ethereum faces ETF outflows, but stakers buy in with high of 33.98M - Explained appeared first on AMBCrypto.
Ethereum's price drops 10.40%, nearing $2,000 support, while whales accumulate 330,000 ETH, signaling potential rebound.
The next move hinges on holding onto this level; a breakdown could triggThe post Ethereum drops over 10% – Can ETH hold the $2,000 line? appeared first on AMBCrypto.
Ethereum’s weekly Stochastic RSI crossover is deeply oversold, a setup that has historically triggered major pumps.
Is another breakout imminent?
Ethereum’s [ETH] weekly Stochastic RSI cThe post Ethereum: As THIS signals a bullish reversal, should you buy ETH's dip? appeared first on AMBCrypto.
Ethereum remains under pressure, with weak bullish signals despite rising whale accumulation. Can ETH break key resistance and reverse its downtrend?
The post Ethereum (ETH) Struggles Below $2,300 as Users Await the Crypto Summit appeared first on BeInCrypto.
Binance and Coinbase whales bought $12.98M Ethereum as Golem Network deposits $13.26M ETH to exchanges.
Ethereum price could hit $6K if it continues to mirror Bitcoin's pattern.
Recent EtherThe post Ethereum mirrors Bitcoin’s 3rd cycle - This means ETH prices could... appeared first on AMBCrypto.
The Bybit hack led to $1. 46B in ETH theft, affecting Ethereum's price and technical indicators. Speculation on a buyback could drive market moves.
The post Ethereum (ETH) Drops 5% After $1.
Ethereum price has recovered from lows of $2,619 to trade above $2,728. Incidentally, ETH price as jumped by more than a percentage in the past 24 hours. The gains come amid a spike in daily volume, with data showing the global trading volume on the Ethereum network hit $20 billion. While ETH remains below the […]
ETH prices have made a moderate recovery, rising 1. 88% in 24 hours.
Ethereum's short positions hits a historical high of $11. 3 billion.
Over the past two weeks, Ethereum [ETH] has remained sThe post Ethereum shorts reach historical high of $11.
The ETH price action across timeframes showed weakness from buyers.
Ethereum needs to reclaim $2.9k as support to begin to shift this outlook.
In an earlier analysis, it was detailed how EthThe post Ethereum [ETH] price prediction is bearish in the short-term: Here's why appeared first on AMBCrypto.
The Market Value to Realized Value (MVRV) ratio hinted at a possible historic pattern repeat for Ethereum.
A declining supply of ETH on exchanges and high buying volume may also contribute to tThe post Ethereum: How U.
Ethereum’s large holder netflows surged from -109,160 ETH to 174,000 ETH over the last four days
Whale accumulation below $3,000 also coincided with rising inflows to Spot Ethereum ETFs
The post Whales, institutions accumulate after Ethereum's dip - $3K breakout ahead? appeared first on AMBCrypto.
The Ethereum (ETH) network has been experiencing a significant increase in supply, reaching its highest level in two years. This shift, triggered by the Dencun upgrade, has impacted Ethereum’s deflationary status and led to broader market discussions about alternative blockchain solutions.
Post-Merge, both long-term and short-term holders are reducing Ethereum accumulation.
Whales holding large ETH balances show stagnation, signaling cautious sentiment.
Ethereum’s [ETH] muchThe post Ethereum: All the reasons why ETH whales stopped buying! appeared first on AMBCrypto.
Ethereum (ETH) has surged from $3,050 to $3,400 in less than three days, igniting fresh optimism among investors who believe ETH is poised for significant gains this year. After weeks of uncertainty and selling pressure, Ethereum’s latest price action has renewed bullish sentiment, with analysts predicting further upside.
Mega whales, each holding over 10K ETH, joined the network as WLFi spent $10M on ETH.
Once Ethereum closes above $4K, it could reach $5K and then $6K within 6–8 weeks.
In the past 24 hourThe post Ethereum's $4K resistance mirrors 2020 levels: Is $6K next? appeared first on AMBCrypto.
ETH/BTC ratio at 0.03124 showed an institutional preference shift as World Liberty's ETH holdings reached the $140M mark.
Justin Sun's WLFI position hits 3B tokens after a $45M total investmentThe post Trump-backed crypto project buys $48M in Ethereum – What’s next? appeared first on AMBCrypto.
Ethereum co-founder, Vitalik Buterin, defends the Ethereum Foundation’s decision to dump ETH instead of staking or withdrawing from itself. According to data from Spot On Chain, the Ethereum Foundation made its first Ethereum (ETH) sale in the new year on…
Ethereum (ETH) seemed to be forming a bullish W-pattern on the weekly chart
Altcoin's Market Value to Realized Value (MVRV) ratio highlighted its fair valuation
Ethereum (ETH), at the time oThe post Ethereum's next price move - Here are the key levels to watch! appeared first on AMBCrypto.
Ethereum (ETH) recently faced a correction that prevented it from breaching the $3,711 barrier, pulling the altcoin king below $3,200. This 15% decline has triggered reduced activity among ETH investors, a positive sign that could support Ethereum’s recovery.
Ethereum (ETH) торгуется ниже $3 500 уже семь дней, что является следствием более широких медвежьих настроений на крипторынке. Цена упала на 13% от максимума $3 744, достигнутого 6 января Несмотря на недавнее падение цены ETH, ключевые ончейн-индикаторы показывают, что держатели Ethereum сохраняют оптимизм в отношении краткосрочных перспектив альткоина.
Over 43% of Ethereum’s supply is concentrated in three whale addresses
Concentrated ownership risks price manipulation, volatility, and decentralized governance erosion
Ethereum’s [ETH] The post Ethereum: Does 43% whale ownership raise concerns for ETH? appeared first on AMBCrypto.
Ethereum has plunged 12% this week, mirroring the broader struggle as altcoins face double-digit losses.
Its recovery now hinges more than ever on a wider market rebound.
Ethereum[ETH] has lThe post Can Ethereum’s HODLers save ETH from dipping to $3.1K? appeared first on AMBCrypto.
Ethereum has plunged 12% this week, mirroring the broader struggle as altcoins face double-digit losses.
Its recovery now hinges more than ever on a wider market rebound.
Ethereum[ETH] has lThe post Can Ethereum’s HODLers save ETH from dipping to $3,169? appeared first on AMBCrypto.
A $0. 175 presale coin, Rexas Finance (RXS), is attracting much interest in the crypto scene. A growing number of analysts think it might copy or even outperform Ethereum’s (ETH) past bull run.
Ethereum ETFs faced $38M outflows, reflecting shifting market sentiment after weeks of steady inflows.
Despite this, ETH's price remained relatively stable.
Ethereum [ETH] ETF encountered a The post ETH ETF stumble with $38M outflows, but Ethereum's assets remain steady appeared first on AMBCrypto.
Although Bitcoin (BTC) managed to recover most of its losses over the weekend after tumbling as low as $78,258 on February 28, the premier cryptocurrency has created a massive new Chicago Mercantile Exchange (CME) gap, raising concerns that the digital asset may witness another pullback to the low $80,000 level. Bitcoin Not Out Of The […]
Ethereum (ETH) hit a new yearly low of $2,076 earlier today, further weakening sentiment around the second-largest cryptocurrency by market cap. If Ethereum falls below $2,000, it could trigger additional losses for investors.
The crypto market trended lower last week as US tariffs rocked the market, causing investors to flee to safe-haven assets like Gold. Crypto prices which recovered slightly on Monday and Tuesday continued trending downward as uncertainty looms.
Bitcoin fell 4. 72% over the weekend and another 3. 50% during Monday’s Asian session as tensions driven by Trump’s tariffs have investors derisking their positions. Over the weekend, China responded to Trump’s tariffs by indicating interest in imposing tariffs on US goods, while Canada imposed a 25% tariff on CA$155 billion worth of US goods.
2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.
The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […]
The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.
Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.
