{"id":556417,"date":"2024-10-21T17:00:56","date_gmt":"2024-10-21T17:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=556417"},"modified":"2024-10-24T03:16:40","modified_gmt":"2024-10-24T03:16:40","slug":"ethereum-crypto-analyst-1900","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-crypto-analyst-1900\/","title":{"rendered":"Ethereum Set To Outperform: Crypto Analyst Predicts 18% Rise To $1,900"},"content":{"rendered":"

Ethereum (ETH<\/a>)<\/span> has so far relatively <\/span>underperformed<\/span><\/a> in comparison to the <\/span>flagship cryptocurrency Bitcoin<\/span><\/a>. However, that could change soon enough as a crypto analyst has predicted the second-largest crypto token by market to gain some momentum soon enough.\u00a0<\/span><\/p>\n

Ethereum To Hit $1900<\/h2>\n

In a <\/span>post<\/span><\/a> shared on his X (formerly Twitter) platform, prominent crypto analyst Ali Martinez mentioned that Ethereum could rise to as high as $1,900. His prediction was based on data that he had pulled up from the chart which he shared in his post.\u00a0<\/span><\/p>\n

Related Reading: XRP Price Set To Surge Amid Heightened Whale Accumulation<\/a><\/div>\n

The chart (a 3-day timeframe) featured an <\/span>ascending triangle pattern<\/span><\/a>, which usually represents a bullish formation. According to Ali, Ethereum is \u201cpoised\u201d to rebound off the hypotenuse of the ascending triangle. Most importantly, for <\/span>Ethereum<\/span><\/a> to go as high as $1,900, the analyst noted that It has to experience a \u201cfirm close\u201d above the 18-day <\/span>SMA (Simple Moving Average)<\/span><\/a>.<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH getting ready to breakout | Source: X<\/pre>\n
If that happens, Ethereum could hit $1,800 and further rise to $1,900 based on Ali\u2019s predictions. It is worth mentioning that the last time Ethereum hit $1,900 was back in July 2023. A rise to that price again will represent about an %18 increase from its current price of $1,600.\u00a0<\/span><\/p>\n
Ali also had something to say about the <\/span>flagship cryptocurrency, Bitcoin<\/span><\/a>. In a subsequent <\/span>post<\/span><\/a>, he noted that the crypto token could see a correction to $28,800; a prediction he made based on the TD Sequential from a 4-hour chart.\u00a0<\/span><\/p>\n
Bitcoin rose to as high as $30,000<\/span><\/a> on October 20, with many speculating that a Spot Bitcoin ETF approval could be on the way, something that represents a bullish momentum for Bitcoin and the crypto market in general.\u00a0<\/span><\/p>\n
\"Ethereum<\/p>\n
ETH price holding $1,600 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Bitcoin\u2019s Dominance Is On The Rise<\/h2>\n
Data<\/span><\/a> from TradingView shows that Bitcoin\u2019s dominance has been on the rise this year, with the token currently boasting over 52% coin dominance in the crypto market. Interestingly, it has steadily risen since <\/span>the Ethereum Merge<\/span><\/a> occurred.\u00a0<\/span><\/p>\n
Related Reading: Here\u2019s Why This Wall Street Expert Believes XRP Is Very Bullish<\/a><\/div>\n
This is significant considering that many speculated that <\/span>\u2018the Flippening\u2019<\/span><\/a> could happen after the Merge, where Ethereum overtakes Bitcoin to become the most dominant crypto token. However, that hasn\u2019t happened so far, with Ethereum\u2019s move from proof-of-work to proof-of-work being seen as <\/span>\u2018disastrous\u2019<\/span><\/a> for the crypto token.\u00a0<\/span><\/p>\n
Bitcoin and Ethereum, however, share the podium when it comes to the best-performing assets of the year. Both crypto tokens are <\/span>said<\/span><\/a> to have <\/span>outperformed the NASDAQ<\/span><\/a>, S&P500, and Gold. Bitcoin has seen an %80 increase year-to-date (YTD), while Ethereum has seen a %35 increase YTD.<\/span><\/p>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Ethereum (ETH) has so far relatively underperformed in comparison to the flagship cryptocurrency Bitcoin. However, that could change soon enough as a crypto analyst has predicted the second-largest crypto token by market to gain some momentum soon enough.\u00a0 Ethereum To Hit $1900 In a post shared on his X (formerly Twitter) platform, prominent crypto analyst Ali Martinez mentioned that Ethereum could rise to as high as $1,900. His prediction was based on data that he had pulled up from the chart which he shared in his post.\u00a0 Related Reading: XRP Price Set To Surge Amid Heightened Whale Accumulation The chart (a 3-day timeframe) featured an ascending triangle pattern, which usually represents a bullish formation. According to Ali, Ethereum is \u201cpoised\u201d to rebound off the hypotenuse of the ascending triangle. Most importantly, for Ethereum to go as high as $1,900, the analyst noted that It has to experience a \u201cfirm close\u201d above the 18-day SMA (Simple Moving Average). ETH getting ready to breakout | Source: X If that happens, Ethereum could hit $1,800 and further rise to $1,900 based on Ali\u2019s predictions. It is worth mentioning that the last time Ethereum hit $1,900 was back in July 2023. A rise to that price again will represent about an %18 increase from its current price of $1,600.\u00a0 Ali also had something to say about the flagship cryptocurrency, Bitcoin. In a subsequent post, he noted that the crypto token could see a correction to $28,800; a prediction he made based on the TD Sequential from a 4-hour chart.\u00a0 Bitcoin rose to as high as $30,000 on October 20, with many speculating that a Spot Bitcoin ETF approval could be on the way, something that represents a bullish momentum for Bitcoin and the crypto market in general.\u00a0 ETH price holding $1,600 | Source: ETHUSD on Tradingview.com Bitcoin\u2019s Dominance Is On The Rise Data from TradingView shows that Bitcoin\u2019s dominance has been on the rise this year, with the token currently boasting over 52% coin dominance in the crypto market. Interestingly, it has steadily risen since the Ethereum Merge occurred.\u00a0 Related Reading: Here\u2019s Why This Wall Street Expert Believes XRP Is Very Bullish This is significant considering that many speculated that \u2018the Flippening\u2019 could happen after the Merge, where Ethereum overtakes Bitcoin to become the most dominant crypto token. However, that hasn\u2019t happened so far, with Ethereum\u2019s move from proof-of-work to proof-of-work being seen as \u2018disastrous\u2019 for the crypto token.\u00a0 Bitcoin and Ethereum, however, share the podium when it comes to the best-performing assets of the year. Both crypto tokens are said to have outperformed the NASDAQ, S&P500, and Gold. Bitcoin has seen an %80 increase year-to-date (YTD), while Ethereum has seen a %35 increase YTD. Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":556428,"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":[428,13510,656,8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-556417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin","tag-bitcoin-dominance","tag-bitcoin-news","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Set To Outperform: Crypto Analyst Predicts 18% Rise To $1,900<\/title>\n<meta name=\"description\" content=\"Ethereum has so far relatively underperformed in comparison to the flagship cryptocurrency Bitcoin, but that could change soon.\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Set To Outperform:  Crypto Analyst Predicts 18% Rise To $1,900","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-crypto-analyst-1900\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-crypto-analyst-1900\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-crypto-analyst-1900.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-crypto-analyst-1900.jpeg?fit=1920%2C1080"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin dominance","bitcoin news","eth","eth news","eth price","ethereum","ethereum news","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-10-21T17:00:56Z","datePublished":"2024-10-21T17:00:56Z","dateModified":"2024-10-24T03:16:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Set To Outperform:  Crypto Analyst Predicts 18% Rise To $1,900\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-crypto-analyst-1900\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-crypto-analyst-1900\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Ethereum-crypto-analyst-1900.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Ethereum-crypto-analyst-1900.jpeg?fit=1920%2C1080\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin dominance\",\"bitcoin news\",\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-10-21T17:00:56Z\",\"datePublished\":\"2024-10-21T17:00:56Z\",\"dateModified\":\"2024-10-24T03:16:40Z\"}<\/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\/2023\/10\/Ethereum-crypto-analyst-1900.jpeg?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556417"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=556417"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/556428"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=556417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=556417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=556417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}