{"id":426213,"date":"2020-06-04T19:00:51","date_gmt":"2020-06-04T19:00:51","guid":{"rendered":"https:\/\/wncen.com\/?p=426213"},"modified":"2020-06-04T19:40:50","modified_gmt":"2020-06-04T19:40:50","slug":"macro-investor-explosive-ethereum-eth","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/","title":{"rendered":"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH"},"content":{"rendered":"<p>Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset&#8217;s best use case. Bullish sentiment is picking up, and according to a global macro investor with over 25 years of market experience, <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Etheruem<\/a>&#8216;s chart looks to be on the&#8221;verge&#8221; of an &#8220;explosive upmove.&#8221;<\/p>\n<p>The analyst projects a target of $500 per ETH &#8220;minimum&#8221; once the asset clears resistance at $300. But what catalysts are ahead that could push the asset through the critical resistance level?<\/p>\n<h2>Macro Investor: Ethereum on the Verge of Explosive Upmove, But Waiting For Catalyst<\/h2>\n<p>At the start of the year, <a href=\"https:\/\/wncen.com\/2020\/02\/24\/ethereum-record-weekly-green-candle-bullish\/\">Ethereum went on a record-breaking nine-week-long rally<\/a>. The asset, however, saw a strong rejection when the Black Thursday selloff crushed financial markets across the board.<\/p>\n<p>Since then, Etheruem has struggled to get back through resistance at $250 per ETH. The prior top just below $300 is now acting as an immovable object for the top altcoin crypto asset.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/05\/27\/ethereum-defi-best-use-case-parabolic\/\">Ethereum\u2019s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months\u00a0<\/a><\/strong><\/em><\/p>\n<p>Ethereum is not only testing horizontal resistance but downtrend resistance from the June 2019 top.<\/p>\n<p>According to <a href=\"https:\/\/www.linkedin.com\/in\/dan-tapiero-22b41b191\/\" target=\"_blank\" rel=\"noopener nofollow\">Dan Tapiero<\/a>, Co-Founder of 10T Holdings and DTAP Capital, a break of that level sets the stage for Ethereum reaching $500 or more over the next six months to a year.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Chart of Ethereum on verge of explosive upmove. <\/p>\n<p>Are there any upcoming potential catalysts?<\/p>\n<p>Move up through 300 projects to 500 minimum in coming 6-12 months.<\/p>\n<p>Any strong views out there? <a href=\"https:\/\/t.co\/xLV9wt5CVD\" rel=\"nofollow\">pic.twitter.com\/xLV9wt5CVD<\/a><\/p>\n<p>&mdash; Dan Tapiero (@DTAPCAP) <a href=\"https:\/\/twitter.com\/DTAPCAP\/status\/72017152?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 4, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Tapiero is a self-proclaimed BTC and bullion holder but is paying close attention to Ethereum price charts to watch for a rise in the altcoin. And although technical analysis suggests an &#8220;explosive upmove&#8221; is coming, Tapiero asked his Twitter followers what the catalyst may be for such an increase.<\/p>\n<h2>Possible Catalysts That Will Propel The Altcoin Toward $500 Per ETH<\/h2>\n<p>In terms of what could propel <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Etheruem<\/a> higher, investors are currently hyped up for the coming ETH 2.0 launch. Long positions on margin trading platforms have reached insane numbers ahead of the event many expect to cause a major Ethereum rally.<\/p>\n<p>Grayscale clients are paying a nearly 800% premium for ETHE, the company&#8217;s institutionalized version of the altcoin that is broken down into shares of approximately 0.09402547 ETH per share.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here is a look at YTD performance of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> vs <a href=\"https:\/\/twitter.com\/search?q=%24ETHE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETHE<\/a> (Grayscale Ethereum Trust)<a href=\"https:\/\/twitter.com\/search?q=%24ETHE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETHE<\/a> is currently trading at a ~800%+ premium relative to NAV (net asset value)<\/p>\n<p>Is this what F.O.M.O looks like? <a href=\"https:\/\/t.co\/OauFJfAOlW\" rel=\"nofollow\">pic.twitter.com\/OauFJfAOlW<\/a><\/p>\n<p>&mdash; RookieXBT \ud83e\uddf2 (@RookieXBT) <a href=\"https:\/\/twitter.com\/RookieXBT\/status\/99303680?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 3, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Further interest in decentralized finance, <a href=\"https:\/\/wncen.com\/2020\/05\/27\/ethereum-defi-best-use-case-parabolic\/\">which some claim to be Ethereum&#8217;s best use case<\/a>, has continued to surge since the end of last year.<\/p>\n<p>All these factors and more could act as the catalyst that Tapiero is seeking.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/06\/04\/dead-accurate-sell-signal-ethereum\/\">Dead Accurate Sell Signal Sets Up Ethereum For Epic Drop Against Bitcoin\u00a0<\/a><\/strong><\/em><\/p>\n<p>Ethereum, however, has some challenges ahead. Long positions being this overextended is often a recipe for disaster. The herd is rarely right.<\/p>\n<p>Complicating any chance of a rally further, the TD Sequential indicator has just signaled a &#8220;9&#8221; sell candle on daily timeframes <a href=\"https:\/\/wncen.com\/2020\/06\/04\/dead-accurate-sell-signal-ethereum\/\">on both the ETHUSD and ETHBTC trading pairs<\/a>.<\/p>\n<p>With <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Etheruem<\/a> brushing up against such strong resistance, bulls somewhat overconfident, and a highly accurate sell signal triggering, the explosive move could head to the downside first to gain enough momentum to finally breach above $300.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset&#8217;s best use case. Bullish sentiment is picking up, and according to a global macro investor with over 25 years of market experience, Etheruem&#8216;s chart looks to be on the&#8221;verge&#8221; of an &#8220;explosive upmove.&#8221; The analyst projects a target of $500 per ETH &#8220;minimum&#8221; once the asset clears resistance at $300. But what catalysts are ahead that could push the asset through the critical resistance level? Macro Investor: Ethereum on the Verge of Explosive Upmove, But Waiting For Catalyst At the start of the year, Ethereum went on a record-breaking nine-week-long rally. The asset, however, saw a strong rejection when the Black Thursday selloff crushed financial markets across the board. Since then, Etheruem has struggled to get back through resistance at $250 per ETH. The prior top just below $300 is now acting as an immovable object for the top altcoin crypto asset. Related Reading | Ethereum\u2019s Best Use Case Goes Parabolic, DeFi Users Double in 6 Months\u00a0 Ethereum is not only testing horizontal resistance but downtrend resistance from the June 2019 top. According to Dan Tapiero, Co-Founder of 10T Holdings and DTAP Capital, a break of that level sets the stage for Ethereum reaching $500 or more over the next six months to a year. Chart of Ethereum on verge of explosive upmove. Are there any upcoming potential catalysts? Move up through 300 projects to 500 minimum in coming 6-12 months. Any strong views out there? pic.twitter.com\/xLV9wt5CVD &mdash; Dan Tapiero (@DTAPCAP) June 4, 2020 Tapiero is a self-proclaimed BTC and bullion holder but is paying close attention to Ethereum price charts to watch for a rise in the altcoin. And although technical analysis suggests an &#8220;explosive upmove&#8221; is coming, Tapiero asked his Twitter followers what the catalyst may be for such an increase. Possible Catalysts That Will Propel The Altcoin Toward $500 Per ETH In terms of what could propel Etheruem higher, investors are currently hyped up for the coming ETH 2.0 launch. Long positions on margin trading platforms have reached insane numbers ahead of the event many expect to cause a major Ethereum rally. Grayscale clients are paying a nearly 800% premium for ETHE, the company&#8217;s institutionalized version of the altcoin that is broken down into shares of approximately 0.09402547 ETH per share. Here is a look at YTD performance of $ETH vs $ETHE (Grayscale Ethereum Trust)$ETHE is currently trading at a ~800%+ premium relative to NAV (net asset value) Is this what F.O.M.O looks like? pic.twitter.com\/OauFJfAOlW &mdash; RookieXBT \ud83e\uddf2 (@RookieXBT) June 3, 2020 Further interest in decentralized finance, which some claim to be Ethereum&#8217;s best use case, has continued to surge since the end of last year. All these factors and more could act as the catalyst that Tapiero is seeking. Related Reading | Dead Accurate Sell Signal Sets Up Ethereum For Epic Drop Against Bitcoin\u00a0 Ethereum, however, has some challenges ahead. Long positions being this overextended is often a recipe for disaster. The herd is rarely right. Complicating any chance of a rally further, the TD Sequential indicator has just signaled a &#8220;9&#8221; sell candle on daily timeframes on both the ETHUSD and ETHBTC trading pairs. With Etheruem brushing up against such strong resistance, bulls somewhat overconfident, and a highly accurate sell signal triggering, the explosive move could head to the downside first to gain enough momentum to finally breach above $300.<\/p>\n","protected":false},"author":517,"featured_media":426257,"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":[73415,79512,1946,8686,78803,11849],"class_list":["post-426213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","tag-dan-tapiero","tag-ethe","tag-ethereum","tag-ethusd","tag-ethusdt","tag-grayscale-investments"],"acf":[],"yoast_head":"\n<title>Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH<\/title>\n<meta name=\"description\" content=\"Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset&#039;s best use case. Bullish sentiment is picking\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH\" \/>\n<meta property=\"og:description\" content=\"Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset&#039;s best use case. Bullish sentiment is picking\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-04T19:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-04T19:40:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1709\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH\",\"datePublished\":\"2020-06-04T19:00:51+00:00\",\"dateModified\":\"2020-06-04T19:40:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/\"},\"wordCount\":502,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709\",\"keywords\":[\"Dan Tapiero\",\"ethe\",\"ethereum\",\"ethusd\",\"ETHUSDT\",\"Grayscale Investments\"],\"articleSection\":[\"Cryptocurrency Market News\",\"Ethereum\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/\",\"url\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/\",\"name\":\"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709\",\"datePublished\":\"2020-06-04T19:00:51+00:00\",\"dateModified\":\"2020-06-04T19:40:50+00:00\",\"description\":\"Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset's best use case. Bullish sentiment is picking\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709\",\"width\":2560,\"height\":1709,\"caption\":\"ethereum explosive investor\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH","description":"Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset's best use case. Bullish sentiment is picking","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/","og_locale":"en_US","og_type":"article","og_title":"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH","og_description":"Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset's best use case. Bullish sentiment is picking","og_url":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-06-04T19:00:51+00:00","article_modified_time":"2020-06-04T19:40:50+00:00","og_image":[{"width":2560,"height":1709,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg","type":"image\/jpeg"}],"author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH","datePublished":"2020-06-04T19:00:51+00:00","dateModified":"2020-06-04T19:40:50+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/"},"wordCount":502,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709","keywords":["Dan Tapiero","ethe","ethereum","ethusd","ETHUSDT","Grayscale Investments"],"articleSection":["Cryptocurrency Market News","Ethereum"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/","url":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/","name":"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709","datePublished":"2020-06-04T19:00:51+00:00","dateModified":"2020-06-04T19:40:50+00:00","description":"Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset's best use case. Bullish sentiment is picking","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709","width":2560,"height":1709,"caption":"ethereum explosive investor"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH","url":"http:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/macro-investor-explosive-ethereum-eth\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["dan tapiero","ethe","ethereum","ethusd","ethusdt","grayscale investments"],"dateCreated":"2020-06-04T19:00:51Z","datePublished":"2020-06-04T19:00:51Z","dateModified":"2020-06-04T19:40:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Global Macro Investor: Explosive Ethereum Upmove Above $300 Clears Path to $500 ETH\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/macro-investor-explosive-ethereum-eth\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/macro-investor-explosive-ethereum-eth\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/ethereum-explosive-shutterstock_781861714-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"dan tapiero\",\"ethe\",\"ethereum\",\"ethusd\",\"ethusdt\",\"grayscale investments\"],\"dateCreated\":\"2020-06-04T19:00:51Z\",\"datePublished\":\"2020-06-04T19:00:51Z\",\"dateModified\":\"2020-06-04T19:40:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/ethereum-explosive-shutterstock_781861714-scaled.jpg?fit=2560%2C1709","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/426213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=426213"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/426213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/426257"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=426213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=426213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=426213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}