{"id":415539,"date":"2020-02-22T00:30:48","date_gmt":"2020-02-22T00:30:48","guid":{"rendered":"https:\/\/wncen.com\/?p=415539"},"modified":"2020-02-21T23:05:49","modified_gmt":"2020-02-21T23:05:49","slug":"last-time-signal-flashed-bitcoin-surged-2000-now-ethereum-turn","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/last-time-signal-flashed-bitcoin-surged-2000-now-ethereum-turn\/","title":{"rendered":"Last Time This Signal Flashed, Bitcoin Surged Over 2,000%. Now It’s Ethereum’s Turn"},"content":{"rendered":"

Ethereum didn’t fare too well in 2019, as this very outlet reported at the end of last year; in fact, the cryptocurrency posted a negative performance.<\/a><\/p>\n

But, key indicators show that ETH is about to mount an extremely strong, potentially even explosive and parabolic, rally.<\/p>\n

Ethereum Could Soon Enter Explosive, Parabolic Rally: Indicator<\/strong><\/h2>\n

Cryptocurrency trader Alunaut recently noted that a monumental sign has been seen on the one-week chart of Ethereum.<\/p>\n

The price of the asset recently crossed above and confirmed a close above the Ichimoku Cloud, boding extremely well for ETH’s bull case moving forward.<\/p>\n

Indeed, when this was seen with Bitcoin in 2016, the cryptocurrency proceeded to rally by thousands of percent to $20,000 in the months that followed.<\/p>\n

This historical precedent suggests Ethereum could do extremely well in the coming year or two years.<\/p>\n

https:\/\/twitter.com\/onemanatatime\/status\/54159104<\/p>\n

Not the Only Extremely Bullish Signal<\/strong><\/h2>\n

The bullish Ichimoku Cloud is far from the only technical indicator to suggest Ethereum is on the verge of a long-term growth cycle that may bring it above $1,000 for the second time ever.<\/p>\n

Per previous reports from NewsBTC<\/a>, prominent trader Galaxy recently noted that the one-month Moving Average Convergence Divergence (MACD)<\/a> has just recently flipped from a bear to bull trend for the first time in two years, for the first time since October 2017.<\/p>\n

With the MACD being a momentum indicator that tracks an asset\u2019s trends, the indicator saying a bull trend is forming on the one-month chart is extremely positive for Ethereum bulls.<\/p>\n

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\u201cWow bro look at $ETH<\/a> pumping\u201d<\/p>\n

Lol stfu and zoom out. It\u2019s just starting. pic.twitter.com\/BazN3ZJsCd<\/a><\/p>\n

— Galaxy (@galaxyBTC) February 7, 2020<\/a><\/p><\/blockquote>\n