{"id":437487,"date":"2020-09-06T00:34:53","date_gmt":"2020-09-06T00:34:53","guid":{"rendered":"https:\/\/wncen.com\/?p=437487"},"modified":"2020-09-06T00:34:53","modified_gmt":"2020-09-06T00:34:53","slug":"3-signals-show-ethereum-primed-to-bounce-after-35-crash","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/3-signals-show-ethereum-primed-to-bounce-after-35-crash\/","title":{"rendered":"3 Signals Show That Ethereum Is Primed to Bounce After 35% Crash"},"content":{"rendered":"

Ethereum<\/a> has already seen a somewhat strong recovery from the local lows. After plunging as low as $315 on Saturday morning, the leading cryptocurrency has undergone a bounce of 8%, reaching $340 as of this article’s writing.<\/p>\n

ETH is primed to move even higher, though, according to a recent analysis by a cryptocurrency trader. The analysis suggests that Ethereum’s recent correction is actually just par for the course and a likely precursor to further recovery.<\/p>\n

This is in line with other analyses suggesting that Bitcoin is dramatically sold and also poised to bounce in the days ahead.<\/p>\n

ETH has outperformed BTC on the bounce, with the former gaining 8% from the lows while the latter has rallied a mere 3.5%.<\/p>\n

Related Reading:\u00a0These 3 Trends Suggest BTC Is Poised to Bounce After $1,000 Drop<\/a><\/h6>\n

Ethereum Remains in a Positive Spot From a Macro Perspective: Analyst<\/strong><\/h2>\n

Ethereum is primed to see a strong rally after bouncing 8% from its local lows, a number of analysts have suggested.<\/p>\n

One crypto trader cited<\/a> three pivotal reasons to explain why ETH is actually in a good spot from a macro time frame. These reasons are as follows:<\/p>\n