{"id":377536,"date":"2019-04-07T22:30:37","date_gmt":"2019-04-07T22:30:37","guid":{"rendered":"https:\/\/wncen.com\/?p=377536"},"modified":"2019-04-07T17:02:55","modified_gmt":"2019-04-07T17:02:55","slug":"analysts-highly-bullish-on-ethereum-eth-as-crypto-markets-trade-sideways","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/analysts-highly-bullish-on-ethereum-eth-as-crypto-markets-trade-sideways\/","title":{"rendered":"Analysts Highly Bullish on Ethereum (ETH) as Crypto Markets Trade Sideways"},"content":{"rendered":"
The crypto markets have been able to maintain most of their recent gains and are currently experiencing a bout of sideways trading. Ethereum, which has incurred large gains over the past several days, appears to be pushing up against a level of resistance, and it is likely that Bitcoin\u2019s next price move will set the tone for how individual cryptos, like ETH, trade in the near-future.<\/p>\n
Although Bitcoin may be the crypto that traders are currently looking towards, analysts concur that Ethereum is setting itself up for some highly bullish price action in the near-term.<\/p>\n
At the time of writing, Ethereum<\/a> is trading sideways at its current price of $166.70, and is up slightly from its daily lows of $165.<\/p>\n Although ETH has been closely tracking BTC, analysts are now agreeing that it may be gearing up for a large upwards price movement that is independent of Bitcoin\u2019s price action.<\/p>\n CryptoKaleo, a popular cryptocurrency analyst on Twitter, shared his thoughts on Ethereum\u2019s current price action, noting that it is currently sitting at the lower end of its latest fractal range, which is almost always followed by a large upwards price movement.<\/p>\n \u201cEthereum is sitting on the launch pad of a rocket ship in its fractal cycle. Why is no one talking about this?\u201d<\/p><\/blockquote>\n $ETH<\/a>#Ethereum<\/a> is sitting on the launch pad of a rocket ship in its fractal cycle. Why is no one talking about this? \ud83d\ude80\ud83c\udf15 pic.twitter.com\/rodZ1OuQUb<\/a><\/p>\n — K A L E O (@CryptoKaleo) April 6, 2019<\/a><\/p><\/blockquote>\n\n