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A Ice-Cold “Storm” Is About to Hit Ethereum Buyers: Two Factors to Watch

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A Ice-Cold “Storm” Is About to Hit Ethereum Buyers: Two Factors to Watch

Bitcoin’s rally over the past month has been impressive. But even more so is that of Ethereum.The second-largest cryptocurrency is up more than 13% in the past 30 days, according to data from Coin360.com. Over that same time frame, Bitcoin dipped by 4%, while some altcoins like XRP and BSV plunged by nearly 10%.ETH’s ability to outperform the rest of the cryptocurrency market has confirmed to some analysts that more upside is in the works. One analyst recently wrote in reference to the asset’s ability to hold above key support levels:“ETH Daily [chart] – Bulls have built a pretty nice chart without any real buying pressure.

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Author: Nick Chong

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