{"id":419328,"date":"2020-03-27T17:00:19","date_gmt":"2020-03-27T17:00:19","guid":{"rendered":"https:\/\/wncen.com\/?p=419328"},"modified":"2020-03-27T14:42:50","modified_gmt":"2020-03-27T14:42:50","slug":"ethereum-buy-signal-hints-at-sustained-bitcoin-outperformance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-buy-signal-hints-at-sustained-bitcoin-outperformance\/","title":{"rendered":"Ethereum Buy Signal Hints At Sustained Bitcoin Outperformance"},"content":{"rendered":"
Ethereum<\/a> kicked off the year, showing stellar performance compared to Bitcoin, leaving the leading crypto asset in its dust.<\/span><\/p>\n But following over 100% returns<\/a>, Ethereum\u2019s recent pullback was far more devastating than Bitcoin\u2019s. However, on ETH\/BTC charts, Ethereum just triggered a buy signal that suggests the asset will outperform Bitcoin for the foreseeable future.<\/span><\/p>\n Compared to Bitcoin<\/a>, Ethereum has barely recovered from the beaten it took following the crypto bubble popping in late 2017 and early 2018.<\/span><\/p>\n During the year leading up to the collapse, the ICO boom drove demand for Ethereum<\/a>, taking its price to over $1,400 per ETH token, as crypto investors traded the altcoin in exchange for access to early launch phase crypto projects.<\/span><\/p>\n Related Reading | Crypto Analyst on Ethereum Downtrend: New Lows and Capitulation Are Coming\u00a0<\/a><\/strong><\/em><\/p>\n At its low, the asset fell to $80, dropping well over 94% in value. During the same timeframe, Bitcoin fell just 84%.<\/span><\/p>\n At current prices, ETH\/USD is still down over 90% from its all-time high, while BTC\/USD is trading just 66% below it, showing that the leading cryptocurrency by market cap has strongly outperformed the second-largest crypto by a large margin for the last two years or more.<\/span><\/p>\n The underperformance has led to an 84% decline in the ETH\/BTC trading pair since Ethereum peaked in 2018. At the low, the fall reached a total of 87% before a rebound began.<\/span><\/p>\n After the ICO boom fizzled out, Ethereum floundered, searching for a use case to prove its value once again.<\/span><\/p>\n That use came arrived via the rapid growth of the decentralized finance industry<\/a>, in which Ethereum plays a primary role.<\/span><\/p>\n Ethereum<\/a> experience an aggressive rebound, growing 100% in less than two months<\/a> on the ETH\/USD pair before the coronavirus-related panic selloff took the wind out of its sails.<\/span><\/p>\n However, Ethereum may not be done just yet when it comes to catching up against Bitcoin<\/a>.<\/span><\/p>\n The number one altcoin just triggered a TD 9 \u201cbuy\u201d signal on the TD Sequential indicato<\/a>r created by market timing expert Thomas Demark<\/a>.<\/span><\/p>\n <\/p>\n The tool has been accurately used to spot a number of tops and bottoms across a wide variety of assets including cryptocurrencies. More famously, the tool was used to call Bitcoin\u2019s all-time high peak in 2017.<\/span><\/p>\n Related Reading |<\/em> Analyst: Ethereum Prepares for Massive 95% Move Against BTC, But Which Direction?<\/a> <\/strong><\/p>\nEthereum’s Long Road to the Bottom and Finding a New Use Case<\/h2>\n
ETH\/BTC Buy Signal Suggests Altcoin Will Outperform Bitcoin In the Days Ahead<\/h2>\n