Ethereum Is Due To Shoot Up Soon

Ethereum Is Due To Shoot Up Soon
  • Ethereum has been involved in a year long negative downtrend
  • Many investors lost hope for Ethereum months ago
  • The future of Ethereum looks brighter than we might think

Given the recent downturn in the value of Ethereum and of course the overarching down trend we have witnessed over the past 12 months (and even longer) many have started to lose hope in Ethereum as a cryptocurrency investment. It doesn’t help either that over the past year and beyond Ethereum has been in a market capitalisation battle with it’s close friend XRP. The two have been competing for the second place spot in the markets for many months now, though as the time of writing Ethereum stands clear in that area at least.

Whilst the negativity surrounding Ethereum is rife, we should note a few indications that suggest Ethereum could spike soon enough, giving us investors a little something to look forward to at the very least. 

So, what’s happening? According to recent reports out earlier this week:

“A popular cryptocurrency analyst on Twitter, had mused this possibility prior to yesterday’s drop and subsequent recovery, and this latest price action may validate this idea, stating a possible bottoming attempt on $ETH on the $ETHBTC pair.”


“Bitcoin Jack, another popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes Ethereum could be close to putting a decisive end to its multi-year downtrend, meaning that significantly further gains could be right around the corner for the embattled crypto, asking; am I a delusional $ETH bull? I’m seeing a 800+ day correction coming to an end.”

These two comments are referring to indicators within the recent Ethereum price movements that are similar to those seen in 2018 suggesting that Ethereum is now lining up for a huge price spike, one that could be similar to the spike seen during the major cryptocurrency boom that saw Bitcoin hit $20,000.00. Of course, it’s impossible to rely on traditional charts and these economic projections, but I guess at the very least it’s positive to think that Ethereum could well be coming to the end of it’s current downward trajectory. In the next couple of months, we can all hope that Bitcoin starts to climb upwards again. Please remember however, if you do wish to invest in Ethereum you should do your own prior research first to ensure you don’t put yourself at risk. The markets are always risky, trade safe.

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