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":"\n
Ethereum Set To Outperform: Crypto Analyst Predicts 18% Rise To $1,900<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n