{"id":382439,"date":"2019-05-15T20:00:08","date_gmt":"2019-05-15T20:00:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=382439"},"modified":"2019-05-15T14:41:15","modified_gmt":"2019-05-15T14:41:15","slug":"crypto-markets-bullish-on-ethereum-expected-to-outperform-bitcoin-short-term","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-markets-bullish-on-ethereum-expected-to-outperform-bitcoin-short-term\/","title":{"rendered":"Crypto Markets Bullish on Ethereum, Expected to Outperform Bitcoin Short-Term"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">While the <a href=\"https:\/\/uniquehot.com\/2019\/05\/14\/bitcoin-bulls-are-back-40-days-of-uptrend-erases-nearly-8-months-of-bear-market\/\">current parabolic Bitcoin rally<\/a> has caused the altcoin market to bleed out, many of the large cap crypto such as <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Ethereum<\/a> recently bounced at long-term support, and are <a href=\"https:\/\/uniquehot.com\/2019\/05\/15\/altcoin-trader-bitcoin-bear-bull\/\">expected to rally significantly<\/a> in the coming days as <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> consolidates.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Crypto investors across the market are particularly bullish on Ethereum, which has been underperforming in recent weeks compared to Bitcoin and other cryptocurrencies. Targets of $300 or more to the upside are expected for the cryptocurrency created by Vitalik Buterin.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Collective Crypto Market: Ethereum Reached BTC Ratio Bottom, Time for Liftoff<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/uniquehot.com\/2019\/05\/14\/bitcoin-bulls-are-back-40-days-of-uptrend-erases-nearly-8-months-of-bear-market\/\">Bitcoin\u2019s recent rally<\/a> was met with <a href=\"https:\/\/uniquehot.com\/2019\/05\/08\/bullish-crypto-community-in-shock-over-recent-bitcoin-price-resilience\/\">much disbelief<\/a>, as the leading cryptocurrency by market cap made a powerful exit out of the bear market, confirming the bottom is in, and potentially reigniting a bull market in a matter of a little more than a month.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: center\"><em><strong><span class=\"s1\">Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/05\/15\/will-ethereum-surge-to-300-when-bitcoin-corrects\/\">Will Ethereum Surge Past $300 When Bitcoin Finally Corrects?\u00a0<\/a><\/span><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">With such bullish sentiment back in the crypto market, and with Bitcoin price charts leading the way, potentially revealing how certain major altcoins might perform, has given crypto investors a boost in confidence surrounding Ethereum. <\/span><\/p>\n<p>https:\/\/twitter.com\/BTC_Macro\/status\/07079681<\/p>\n<p class=\"p1\"><span class=\"s1\">Reading through the collective comments and thoughts from crypto Twitter personalities to top-commented threads on crypto trading <a href=\"https:\/\/www.reddit.com\/r\/ethtrader\/comments\/bou5y2\/daily_general_discussion_may_15_2019\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">sub-Reddits<\/a>, it\u2019s clear that most of the market <a href=\"https:\/\/uniquehot.com\/2019\/05\/15\/altcoin-trader-bitcoin-bear-bull\/\">expects Etheruem to make a major rally in the coming days<\/a>, both in terms of USD value, but even more so in terms of the cryptocurrency\u2019s ratio relative to BTC.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">alright, time to send it <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> nerds \ud83d\ude80 <a href=\"https:\/\/t.co\/A97NwchWhF\" rel=\"nofollow\">pic.twitter.com\/A97NwchWhF<\/a><\/p>\n<p>&mdash; Satoshi Sonic (@SatoshiSonic) <a href=\"https:\/\/twitter.com\/SatoshiSonic\/status\/67522560?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 14, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Elliot wave theorists believe the cryptocurrency is about to start impulse wave three of five, taking the price of Ethereum to targets at $240, $300, $320, and then some. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">when <a href=\"https:\/\/twitter.com\/search?q=%24eth&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$eth<\/a> breaks this upper channel it will go full retard parabolic.<\/p>\n<p>until then, it can pullback here within channel, but imo any weakness should be bought.<\/p>\n<p>tick tock. <a href=\"https:\/\/t.co\/At6RDg0w7O\" rel=\"nofollow\">pic.twitter.com\/At6RDg0w7O<\/a><\/p>\n<p>&mdash; Bluntz (@Bluntz_Capital) <a href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/55616002?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 14, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Some of the highest targets being shared are from prominent TradingView crypto analyst Jacob Canfield, who has spotted a fractal in Etheruem price charts that suggest that the price per ETH could skyrocket to $540, which would bring the cryptocurrency to the 0.618 Fibonacci retracement level.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Very heavy in <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a>.<\/p>\n<p>I gave the recommendation to load up at $160 with a target of $308 on 4\/22\/2019.<\/p>\n<p>Very similar pattern from back in 2017 that I remember trading into. <a href=\"https:\/\/t.co\/5dJUwuKjYt\" rel=\"nofollow\">pic.twitter.com\/5dJUwuKjYt<\/a><\/p>\n<p>&mdash; Jacob Canfield (@JacobCanfield) <a href=\"https:\/\/twitter.com\/JacobCanfield\/status\/90496256?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">ETH\/BTC also looks set to perform, with upside targets of 0.04 and 0.06 on the ratio expected, according to crypto trader GalaxyBTC. ETH\/BTC bounced at long-term support at 0.025 and has already climbed above 0.029 and is flirting with a break of 0.03.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Switching attention to big alts. <\/p>\n<p>First buy is <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a>. <\/p>\n<p>Great R\/R on the BTC pair. Just a matter of time. <a href=\"https:\/\/t.co\/remtKkDvET\" rel=\"nofollow\">pic.twitter.com\/remtKkDvET<\/a><\/p>\n<p>&mdash; Galaxy (@galaxyBTC) <a href=\"https:\/\/twitter.com\/galaxyBTC\/status\/27085056?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 14, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Past comparisons show that Ethereum and Bitcoin have slightly different ascent patterns, with Ethereum spiking strongly upward while Bitcoin shows more of a parabolic curve. Prior to the last bull run, Ethereum painted a pattern very similar to current price action. If history repeats itself, Etheruem will rise significantly in the coming days.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> vs <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> &#8211; 2018 <a href=\"https:\/\/t.co\/e2MrjFhqYM\" rel=\"nofollow\">pic.twitter.com\/e2MrjFhqYM<\/a><\/p>\n<p>&mdash; RJ (@RJ_Killmex) <a href=\"https:\/\/twitter.com\/RJ_Killmex\/status\/83972099?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 13, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Ethereum was a major catalyst in helping cryptocurrencies enter the public limelight, and was a significant influence on the ICO craze that brought investors unheard of riches and returns. Once the bubble popped, though, ICO treasuries selling off their holdings caused the crypto to suffer among the worst out of any other altcoins.<\/span><\/p>\n<p>https:\/\/twitter.com\/TheCryptoDog\/status\/14740224<\/p>\n<pre>\r\nFeatured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>While the current parabolic Bitcoin rally has caused the altcoin market to bleed out, many of the large cap crypto such as Ethereum recently bounced at long-term support, and are expected to rally significantly in the coming days as Bitcoin consolidates. Crypto investors across the market are particularly bullish on Ethereum, which has been underperforming in recent weeks compared to Bitcoin and other cryptocurrencies. Targets of $300 or more to the upside are expected for the cryptocurrency created by Vitalik Buterin. Collective Crypto Market: Ethereum Reached BTC Ratio Bottom, Time for Liftoff Bitcoin\u2019s recent rally was met with much disbelief, as the leading cryptocurrency by market cap made a powerful exit out of the bear market, confirming the bottom is in, and potentially reigniting a bull market in a matter of a little more than a month. Related Reading | Will Ethereum Surge Past $300 When Bitcoin Finally Corrects?\u00a0 With such bullish sentiment back in the crypto market, and with Bitcoin price charts leading the way, potentially revealing how certain major altcoins might perform, has given crypto investors a boost in confidence surrounding Ethereum. https:\/\/twitter.com\/BTC_Macro\/status\/07079681 Reading through the collective comments and thoughts from crypto Twitter personalities to top-commented threads on crypto trading sub-Reddits, it\u2019s clear that most of the market expects Etheruem to make a major rally in the coming days, both in terms of USD value, but even more so in terms of the cryptocurrency\u2019s ratio relative to BTC. alright, time to send it $ETH nerds \ud83d\ude80 pic.twitter.com\/A97NwchWhF &mdash; Satoshi Sonic (@SatoshiSonic) May 14, 2019 Elliot wave theorists believe the cryptocurrency is about to start impulse wave three of five, taking the price of Ethereum to targets at $240, $300, $320, and then some. when $eth breaks this upper channel it will go full retard parabolic. until then, it can pullback here within channel, but imo any weakness should be bought. tick tock. pic.twitter.com\/At6RDg0w7O &mdash; Bluntz (@Bluntz_Capital) May 14, 2019 Some of the highest targets being shared are from prominent TradingView crypto analyst Jacob Canfield, who has spotted a fractal in Etheruem price charts that suggest that the price per ETH could skyrocket to $540, which would bring the cryptocurrency to the 0.618 Fibonacci retracement level. Very heavy in $ETH. I gave the recommendation to load up at $160 with a target of $308 on 4\/22\/2019. Very similar pattern from back in 2017 that I remember trading into. pic.twitter.com\/5dJUwuKjYt &mdash; Jacob Canfield (@JacobCanfield) May 15, 2019 ETH\/BTC also looks set to perform, with upside targets of 0.04 and 0.06 on the ratio expected, according to crypto trader GalaxyBTC. ETH\/BTC bounced at long-term support at 0.025 and has already climbed above 0.029 and is flirting with a break of 0.03. Switching attention to big alts. First buy is $ETH. Great R\/R on the BTC pair. Just a matter of time. pic.twitter.com\/remtKkDvET &mdash; Galaxy (@galaxyBTC) May 14, 2019 Past comparisons show that Ethereum and Bitcoin have slightly different ascent patterns, with Ethereum spiking strongly upward while Bitcoin shows more of a parabolic curve. Prior to the last bull run, Ethereum painted a pattern very similar to current price action. If history repeats itself, Etheruem will rise significantly in the coming days. $BTC vs $ETH &#8211; 2018 pic.twitter.com\/e2MrjFhqYM &mdash; RJ (@RJ_Killmex) May 13, 2019 Ethereum was a major catalyst in helping cryptocurrencies enter the public limelight, and was a significant influence on the ICO craze that brought investors unheard of riches and returns. Once the bubble popped, though, ICO treasuries selling off their holdings caused the crypto to suffer among the worst out of any other altcoins. https:\/\/twitter.com\/TheCryptoDog\/status\/14740224 Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":382447,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625],"tags":[428,6664,39984,1946,29930,39983],"class_list":["post-382439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","tag-bitcoin","tag-crypto","tag-elliot-wave-theory","tag-ethereum","tag-galaxybtc","tag-jacob-canfield"],"acf":[],"yoast_head":"\n<title>Crypto Markets Bullish on Ethereum, Expected to Outperform Bitcoin Short-Term<\/title>\n<meta name=\"description\" content=\"While the current parabolic Bitcoin rally has caused the altcoin market to bleed out, many of the large cap crypto such as Ethereum recently bounced at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-markets-bullish-on-ethereum-expected-to-outperform-bitcoin-short-term\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Markets Bullish on Ethereum, Expected to Outperform Bitcoin Short-Term\" \/>\n<meta property=\"og:description\" content=\"While the current parabolic Bitcoin rally has caused the altcoin market to bleed out, many of the large cap crypto such as Ethereum recently bounced at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/crypto-markets-bullish-on-ethereum-expected-to-outperform-bitcoin-short-term\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-15T20:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-15T14:41:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/ethereum-crypto-bitcoin-erstock_778614112.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"5000\" \/>\n\t<meta property=\"og:image:height\" content=\"2800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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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. 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