[ad_1]
When all the cryptocurrencies go in the green of Sunday morning, it seems like something is wrong. This view is very unusual in this sector, regardless of what the general momentum shown during the week has been. For Ethereum, it seems that the push to overcome XRP in market capitalization is again in full effect.
The upward trend in the price of Ethereum is spectacular
While it is normal for there to be some sort of awakening after yesterday's brief dive, few people expected things to rise spectacularly in rapid succession. All the best currencies are rising again, though some are more spectacular than others. Ethereum, for example, is about to start a real break, as it has exceeded the $ 130 level in the last few hours.
To put this into perspective, there was a strong USD gain for Ethereum in the form of an increase of 16%. It is also a very strong ETH / BTC boost, as this ratio has improved by 12% in favor of Ethereum. A very solid performance across the board, although it is not necessarily something that someone saw coming. It seems unlikely that this can be maintained for long at this level, even if you never know what the future will be exactly.
On social media, there is a lot of feeling towards Ethereum first of all. Karim confirms that the year 2018 is almost over, which can only be considered a good thing. Considering that there is no real excitement during most of 2018, things can only get better at the end of this year. There is a real possibility that things will come back up after December of this year, even if it is still too early to draw conclusions.
If you're reading this, you survived 2018 #crypto. 2019/2020 you will be rewarded for your hard work, #hodling and hopefully it will start to accumulate at these levels. #btc #eth #alts. This was an extraordinary learning experience. I love this space.
– Karim (@ KHamouda74) December 23, 2018
Andrew Davis, who likes to adopt a more balanced and technical approach based on the analysis of the current moment in Ethereum, is convinced that things will become very interesting going forward. After a significant boost this morning, it seems that there may be a second stage in this uptrend following a short break. Assuming that vision comes true, there can be a $ 150 boost before the weekend is over.
$ ETH/ USD – Up-to-date (potential) E-Wave counting.
I'm very interested in seeing what $ BTC it's in the next hours / day. #BTCThe movement should add some clarity to #ETHDevelopment#Ethereum, #Crypto pic.twitter.com/E4A5gB97Rr
– Andrew Davis [🎯% 📈] (@AndrewEDavis) December 23, 2018
As always happens when it comes to cryptocurrencies, there will be some arbitrage options to be exploited. In the case of Ethereum, when you use BTCBit there is good money. While that is a new and relatively unknown exchange, potential profits are quite significant. Always conduct your research before making any market move, though.
#ETH
Buy a #Poloniex and sell to #BTCBIT. Ratio: 9.96%
Buy a #Gate.io and sell a #BTCBIT. Ratio: 10.03%
Buy a #LiveCoin and sell to #BTCBIT. Ratio: 10.23%
Buy a #EXMO and sell to #BTCBIT. Ratio: 9.21%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC– Arbing tool (@ArbingTool) December 23, 2018
For the moment, it would seem that the price of Ethereum is checking many of the right boxes for the right people. After going through a very difficult year in 2018, this last wave comes at the right time. At this point it remains to be determined whether or not it is a straw fire or a true sign of what the 2019 will offer. Or a vision can become reality, as this week was very spectacular first of all. This usually means that a correction will start at some point.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
[ad_2]
Source link
