Ethereum and Bitcoin Predicitons: ETH could experience a rally by the end of 2018 and BTC could hit the fund at $ 2,900

The latest cryptographic predictions are quite exciting and include some good news for Ethereum and some pretty bad news for Bitcoin.

Ethereum at the end of 2018

Since the very first time since September, there is a technical indicator pointing to a potential rally for ETH, now at the end of the year.

Bloomberg reported that the last time the technical grade GTI VERA Convergence Divergence (which detects trend reversals) found a similar model, ETH met back for about a month.

Apart from this, Ethereum is enjoying significant results these days.

The latest data reported by The Block of Etherescan.io say that the number of unique Ethereum addresses has recently hit a new milestone and exceeds a key figure: 50 million.

This is definitely a huge result for any network, as you can imagine.

Current situation Bitcoin

The founder of the investment company BKCM has recently stated that he firmly believes that BTC will only reach the bottom when it reaches around $ 2,900.

"I think we are getting closer to the bottom, we have the fundamentals, the mania we had last year – you are seeing it reflected in pessimism, so the preconditions are there, it would not surprise me if we went down to $ 2,900. on Bitcoin before going down, "he said.

In other news, Bitcoin seems to have a useful supporter. Recently it was reported that US President Donald Trump had chosen Mick Mulvaney as head of the White House to start from 2019.

Having a high official profile and also an influential member of the Trump administration that also supports Bitcoin is exceptional in the long run.

Beyond that, the presence of a government official supporting Bitcoin could encourage more officials to objectively evaluate cryptos and carefully analyze the benefits before rejecting the idea altogether.

Rada attended courses in the Faculty of Arts, Romanian-English, and completed the Faculty of Theater and Television, Theatrical Journalism section, both within the framework of the Babes-Bolyai University of Cluj-Napoca. Until now, he has reviewed books, films and theatrical performances, enjoying topics from the cultural niche. His writing experience also intersects the IT niche, since he worked as a content editor for companies that produce software for mobile devices. Collaborate with online advertising agencies, writes articles for different websites and blogs.