{"id":410993,"date":"2020-01-14T23:00:43","date_gmt":"2020-01-14T23:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=410993"},"modified":"2020-01-14T16:59:48","modified_gmt":"2020-01-14T16:59:48","slug":"ethereum-could-rally-80-by-may-as-altcoins-lead-the-ongoing-market-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-could-rally-80-by-may-as-altcoins-lead-the-ongoing-market-surge\/","title":{"rendered":"Ethereum Could Rally 80% by May as Altcoins Lead the Ongoing Market Surge"},"content":{"rendered":"<p>Ethereum and the aggregated crypto markets have rallied over the past 24-hours, catching the massive upwards tailwind created by Bitcoin\u2019s surge to highs of $8,800. This rally has led ETH to climb into the $150 region as it outperforms BTC and many other major altcoins.<\/p>\n<p>Over a larger time frame, analysts are noting that Ethereum\u2019s recent bullishness and its ability to establish the $120 region as a potential bottom opens the gates for significantly further gains, which could lead the crypto to surge as much as 80% by May of this year.<\/p>\n<h2><strong>Ethereum Outperforms Bitcoin as Aggregated Crypto Markets Rally<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/2019\/08\/10\/ethereum-dives-towards-200-as-sentiment-surrounding-eth-grows-negative\/\">Ethereum<\/a> is trading up over 7% at its <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" rel=\"nofollow\">current price<\/a> of $154, which marks a significant climb from its daily lows of $143 that were set yesterday.<\/p>\n<p>Today\u2019s movement marked an upwards break out of the consolidation phase that ETH has entered last Friday, which subsequently led it to trade sideways around $144 for multiple days.<\/p>\n<p>Today\u2019s surge has allowed ETH to also post some decent gains against Bitcoin, as it is currently trading up just under 2% against its BTC trading pair. Other major altcoins have also seen sizeable gains today, with Bitcoin Cash rallying 22% and Bitcoin SV surging a whopping 90%.<\/p>\n<p>Some analysts do anticipate Ethereum and Bitcoin to see a sharp pull back in the near-term, which could provide an ideal entry opportunity for sidelined investors.<\/p>\n<blockquote><p>\u201c$XBT | USD | $ETH | USD Update: Taking some profit on my ETH Long too here as the 12h E2E has concluded. 85% of my XBT Long closed too now that the daily E2E has concluded. Thinking about re-entering bigger around 8500$,\u201d Smokey, a popular analyst on Twitter, explained in a recent tweet.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24XBT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XBT<\/a> | USD | <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> | USD<\/p>\n<p>Update<\/p>\n<p>Taking some profit on my ETH Long too here as the 12h E2E has concluded.<\/p>\n<p>85% of my XBT Long closed too now that the daily E2E has concluded.<\/p>\n<p>Thinking about re-entering bigger around 8500$ <a href=\"https:\/\/t.co\/wAlQoU39y2\" rel=\"nofollow\">pic.twitter.com\/wAlQoU39y2<\/a><\/p>\n<p>&mdash; Smokey \u4e00\u76ee\u5747\u8861\u8868 (@SmokeyHosoda) <a href=\"https:\/\/twitter.com\/SmokeyHosoda\/status\/89763072?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 14, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Will ETH Soon Rally Towards $280?<\/strong><\/h2>\n<p>Mayne, another popular <a href=\"https:\/\/wncen.com\/2020\/01\/11\/goodbye-100x-japanese-govt-to-limit-bitcoin-margin-trading-leverage-to-just-2x\/\">cryptocurrency<\/a> analyst on Twitter, explained in a recent tweet that he believes ETH\u2019s mid-term prospects are incredibly bullish, setting an upside target of $280 for the crypto by May of this year.<\/p>\n<blockquote><p>\u201c$ETH preparing to blow the top off, this 3D level will not hold much longer,\u201d he explained while pointing to the chart seen below.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> preparing to blow the top off, this 3D level will not hold much longer. <a href=\"https:\/\/t.co\/8hdleDVb60\" rel=\"nofollow\">pic.twitter.com\/8hdleDVb60<\/a><\/p>\n<p>&mdash; Mayne (@Tradermayne) <a href=\"https:\/\/twitter.com\/Tradermayne\/status\/04622336?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 14, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If Mayne\u2019s prediction does prove to be accurate, the <a href=\"https:\/\/wncen.com\/2020\/01\/14\/bitcoin-price-breaks-out-of-downtrend-but-gets-rejected-at-8700-resistance\/\">crypto<\/a> could soon see an 80% rally from its current price levels, which would point to immense strength amongst Ethereum\u2019s bulls.<\/p>\n<pre>Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum and the aggregated crypto markets have rallied over the past 24-hours, catching the massive upwards tailwind created by Bitcoin\u2019s surge to highs of $8,800. This rally has led ETH to climb into the $150 region as it outperforms BTC and many other major altcoins. Over a larger time frame, analysts are noting that Ethereum\u2019s recent bullishness and its ability to establish the $120 region as a potential bottom opens the gates for significantly further gains, which could lead the crypto to surge as much as 80% by May of this year. Ethereum Outperforms Bitcoin as Aggregated Crypto Markets Rally\u00a0 At the time of writing, Ethereum is trading up over 7% at its current price of $154, which marks a significant climb from its daily lows of $143 that were set yesterday. Today\u2019s movement marked an upwards break out of the consolidation phase that ETH has entered last Friday, which subsequently led it to trade sideways around $144 for multiple days. Today\u2019s surge has allowed ETH to also post some decent gains against Bitcoin, as it is currently trading up just under 2% against its BTC trading pair. Other major altcoins have also seen sizeable gains today, with Bitcoin Cash rallying 22% and Bitcoin SV surging a whopping 90%. Some analysts do anticipate Ethereum and Bitcoin to see a sharp pull back in the near-term, which could provide an ideal entry opportunity for sidelined investors. \u201c$XBT | USD | $ETH | USD Update: Taking some profit on my ETH Long too here as the 12h E2E has concluded. 85% of my XBT Long closed too now that the daily E2E has concluded. Thinking about re-entering bigger around 8500$,\u201d Smokey, a popular analyst on Twitter, explained in a recent tweet. $XBT | USD | $ETH | USD Update Taking some profit on my ETH Long too here as the 12h E2E has concluded. 85% of my XBT Long closed too now that the daily E2E has concluded. Thinking about re-entering bigger around 8500$ pic.twitter.com\/wAlQoU39y2 &mdash; Smokey \u4e00\u76ee\u5747\u8861\u8868 (@SmokeyHosoda) January 14, 2020 Will ETH Soon Rally Towards $280? Mayne, another popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes ETH\u2019s mid-term prospects are incredibly bullish, setting an upside target of $280 for the crypto by May of this year. \u201c$ETH preparing to blow the top off, this 3D level will not hold much longer,\u201d he explained while pointing to the chart seen below. $ETH preparing to blow the top off, this 3D level will not hold much longer. pic.twitter.com\/8hdleDVb60 &mdash; Mayne (@Tradermayne) January 14, 2020 If Mayne\u2019s prediction does prove to be accurate, the crypto could soon see an 80% rally from its current price levels, which would point to immense strength amongst Ethereum\u2019s bulls. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":410996,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625],"tags":[6664,8323,1946],"class_list":["post-410993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Could Rally 80% by May as Altcoins Lead the Ongoing Market Surge<\/title>\n<meta name=\"description\" content=\"Analysts are noting that Ethereum\u2019s recent bullishness could open the gates to a rally to as high as $280 by May, which would mark an 80% climb for ETH\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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