{"id":404616,"date":"2019-11-18T00:06:09","date_gmt":"2019-11-18T00:06:09","guid":{"rendered":"https:\/\/wncen.com\/?p=404616"},"modified":"2019-11-18T00:06:09","modified_gmt":"2019-11-18T00:06:09","slug":"can-ethereum-outperform-btc-technicals-fundamentals","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/can-ethereum-outperform-btc-technicals-fundamentals\/","title":{"rendered":"Can Ethereum Outperform BTC? Technicals, Fundamentals Suggest So"},"content":{"rendered":"
All eyes may be on Bitcoin (BTC), but it may be time to pay Ethereum (ETH) some heed. As the largest cryptocurrency has stagnated over the past number of weeks, ETH has somehow held strong, resulting in the ETH\/BTC pair actually rallying higher for once.<\/p>\n
Some analysts say that this trend could continue well into the future, citing positive technical trends and fundamental developments in Ethereum’s ecosystem.<\/p>\n
Popular trader Smokey recently took to Twitter to write that he predicts that “ETH will outperform BTC for the next couple week, maybe months,” drawing attention to charts of ETH\/USD and ETH\/BTC, which show attempts at breakouts.<\/p>\n
https:\/\/twitter.com\/SmokeyXBT\/status\/16983552<\/p>\n
That’s not all. As covered by this outlet last weekend<\/a>, \u00a0Crypto Thies <\/a>\u00a0posted a chart on Twitter that shows there is a confluence of bullish technical indicators signaling impending strength for ETH: his proprietary Market God signal flashed a one-day buy signal, which is something that has preceded strong surges higher in the past, and flashed a sell signal for the\u00a0 12-hour Bitcoin dominance chart. This implies ETH will have some strength in the coming weeks.<\/p>\n The fundamentals, too, suggest strength for the second-largest cryptocurrency by market capitalization. On Thursday,\u00a0Fortune revealed<\/a>\u00a0that\u00a0Compound<\/a> \u2014 a decentralized platform that allows users to lend out and borrow Ethereum-based assets like ETH itself, USD Coin, Basic Attention Token, and 0x \u2014 has secured a $25 million worth of investments from Andreessen Horowitz\u2019s a16z (round leader), Paradigm, Bain Capital Ventures, and Polychain Capital.<\/p>\n Also, Ethereum’s Istanbul hard fork is slated to take place on December 4th, during the blockchain\u2019s block 9069000. The Istanbul hard fork will introduce six key code changes to Ethereum.<\/p>\n