{"id":454556,"date":"2021-01-14T20:00:29","date_gmt":"2021-01-14T20:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=454556"},"modified":"2024-06-11T14:12:45","modified_gmt":"2024-06-11T14:12:45","slug":"capital-manager-ethereum-will-double-in-two-weeks-once-ath-is-broken","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/capital-manager-ethereum-will-double-in-two-weeks-once-ath-is-broken\/","title":{"rendered":"Capital Manager: Ethereum Will Double In Two Weeks Once ATH Is Broken"},"content":{"rendered":"

Ethereum beat even Bitcoin in terms of overall gains in 2020<\/a>, but the altcoin still hasn’t broken its former all-time high, while Bitcoin has since left its record far behind.<\/p>\n

However, according to one crypto capital manager, as soon as Ethereum does take out its former peak, the altcoin will “double” within “two weeks.” Here’s what that might look like if the top-ranked altcoin follows in the footsteps of the top-ranked cryptocurrency overall.<\/p>\n

Ethereum Bulls Salivate Over Record-Breaking Surge, But ATH Has Yet To Be Touched<\/h2>\n

In 2017, both Bitcoin and Ethereum enjoyed a thunderous rise together, capturing the lion’s share of the cryptocurrency market capital.<\/p>\n

Bitcoin as the top asset and first mover carried the industry on its back, while Ethereum acted as the foundation<\/a> for which the future of the industry was being built.<\/p>\n

Related Reading | Entrepreneur Calls Ethereum Silver To Bitcoin As Digital Gold, Not Litecoin<\/a><\/em><\/strong><\/p>\n

Many of the first projects born at that time, were useless, since abandoned, or outright scams<\/a>. But those that survived the freezing crypto winter and thaw, are now heating up again also.<\/p>\n

DeFi projects built on Ethereum<\/a> are once again showing the value the altcoin and its underlying network have, but thus far, momentum hasn’t pushed the asset to a new all-time high like it has Bitcoin.<\/p>\n

https:\/\/twitter.com\/scoinaldo\/status\/66608385?s=21<\/p>\n

But that won’t last for long, according to Moonrock Capital Managing Partner Simon Dedic. Dedic claims<\/a> that like Bitcoin, as soon as bulls manage to breach the former high set at $1,400, the cryptocurrency will “double” in less than “two weeks” to over $3,000.<\/p>\n

\"ethereum<\/p>\n

Here's what Ethereum doubling in price in two weeks would look like | Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Here’s Ether’s Path To Doubled Prices In Less Than Two Weeks<\/h2>\n
A move of that size might sound implausible after the asset has spent three full years trading below the former high, but the FOMO that arrived once Bitcoin bypassed its former peak is the only example necessary. Options contracts on the altcoin<\/a> reaching over $10,000 at the end of 2021 also bode well for the trending asset.<\/p>\n
The chart above shows what such a breakout might look like, with Ethereum surging past its former peak and doubling to around $3,000 in a flash. Bitcoin price action placed behind ETHUSD could provide clues to the trajectory the altcoin could take<\/a>.<\/p>\n
Related Reading | Ethereum Options Contract Hints At The Altcoin Closing 2021 Over $10K<\/a><\/strong><\/em><\/p>\n
Failure to break past the asset’s former all-time high here, could be disastrous, and it would allow Bitcoin dominance to continue to favor BTC over alts for the foreseeable future<\/a>.<\/p>\n
And because so many altcoins are built on Ethereum<\/a>, all eyes are on the top altcoin to see if it can carry the rest of the asset class back to former all-time highs, or if they continue to live under Bitcoin’s reign.<\/p>\n
Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Ethereum beat even Bitcoin in terms of overall gains in 2020, but the altcoin still hasn’t broken its former all-time high, while Bitcoin has since left its record far behind. However, according to one crypto capital manager, as soon as Ethereum does take out its former peak, the altcoin will “double” within “two weeks.” Here’s what that might look like if the top-ranked altcoin follows in the footsteps of the top-ranked cryptocurrency overall. Ethereum Bulls Salivate Over Record-Breaking Surge, But ATH Has Yet To Be Touched In 2017, both Bitcoin and Ethereum enjoyed a thunderous rise together, capturing the lion’s share of the cryptocurrency market capital. Bitcoin as the top asset and first mover carried the industry on its back, while Ethereum acted as the foundation for which the future of the industry was being built. Related Reading | Entrepreneur Calls Ethereum Silver To Bitcoin As Digital Gold, Not Litecoin Many of the first projects born at that time, were useless, since abandoned, or outright scams. But those that survived the freezing crypto winter and thaw, are now heating up again also. DeFi projects built on Ethereum are once again showing the value the altcoin and its underlying network have, but thus far, momentum hasn’t pushed the asset to a new all-time high like it has Bitcoin. https:\/\/twitter.com\/scoinaldo\/status\/66608385?s=21 But that won’t last for long, according to Moonrock Capital Managing Partner Simon Dedic. Dedic claims that like Bitcoin, as soon as bulls manage to breach the former high set at $1,400, the cryptocurrency will “double” in less than “two weeks” to over $3,000. Here’s what Ethereum doubling in price in two weeks would look like | Source: ETHUSD on TradingView.com Here’s Ether’s Path To Doubled Prices In Less Than Two Weeks A move of that size might sound implausible after the asset has spent three full years trading below the former high, but the FOMO that arrived once Bitcoin bypassed its former peak is the only example necessary. Options contracts on the altcoin reaching over $10,000 at the end of 2021 also bode well for the trending asset. The chart above shows what such a breakout might look like, with Ethereum surging past its former peak and doubling to around $3,000 in a flash. Bitcoin price action placed behind ETHUSD could provide clues to the trajectory the altcoin could take. Related Reading | Ethereum Options Contract Hints At The Altcoin Closing 2021 Over $10K Failure to break past the asset’s former all-time high here, could be disastrous, and it would allow Bitcoin dominance to continue to favor BTC over alts for the foreseeable future. And because so many altcoins are built on Ethereum, all eyes are on the top altcoin to see if it can carry the rest of the asset class back to former all-time highs, or if they continue to live under Bitcoin’s reign. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":454558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[142,6664,8323,65296,4854,1946,8686,78803,83561],"class_list":["post-454556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoins","tag-crypto","tag-eth","tag-ethbtc","tag-ether","tag-ethereum","tag-ethusd","tag-ethusdt","tag-simon-dedic"],"acf":[],"yoast_head":"\nCapital Manager: Ethereum Will Double In Two Weeks Once ATH Is Broken<\/title>\n<meta name=\"description\" content=\"Ethereum beat even Bitcoin in terms of overall gains in 2020, but the altcoin still hasn't broken its former all-time high, while Bitcoin has since left\" \/>\n<meta name=\"robots\" content=\"index, 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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":"Capital Manager: Ethereum Will Double In Two Weeks Once ATH Is Broken","url":"http:\/\/wncen.com\/news\/ethereum\/capital-manager-ethereum-will-double-in-two-weeks-once-ath-is-broken\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/capital-manager-ethereum-will-double-in-two-weeks-once-ath-is-broken\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/ethereum-racing-3415413_1920.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/ethereum-racing-3415413_1920.jpg?fit=1920%2C896"},"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":["altcoins","crypto","eth","ethbtc","ether","ethereum","ethusd","ethusdt","simon dedic"],"dateCreated":"2021-01-14T20:00:29Z","datePublished":"2021-01-14T20:00:29Z","dateModified":"2024-06-11T14:12:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Capital Manager: Ethereum Will Double In Two Weeks Once ATH Is Broken\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/capital-manager-ethereum-will-double-in-two-weeks-once-ath-is-broken\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/capital-manager-ethereum-will-double-in-two-weeks-once-ath-is-broken\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/ethereum-racing-3415413_1920.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/ethereum-racing-3415413_1920.jpg?fit=1920%2C896\"},\"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\":[\"altcoins\",\"crypto\",\"eth\",\"ethbtc\",\"ether\",\"ethereum\",\"ethusd\",\"ethusdt\",\"simon dedic\"],\"dateCreated\":\"2021-01-14T20:00:29Z\",\"datePublished\":\"2021-01-14T20:00:29Z\",\"dateModified\":\"2024-06-11T14:12:45Z\"}<\/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\/2021\/01\/ethereum-racing-3415413_1920.jpg?fit=1920%2C896","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/454556","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=454556"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/454556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/454558"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=454556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=454556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=454556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}