Ethereum technical analysis against Bitcoin and USD suggest a strong uptrend may come next week

As the market continues to climb on its rally from December lows, several of the high cap coins have been noticeably quiet—including Ethereum. However, Bitcoin’s recent price surge saw its price increase nearly 50 percent in two days, giving Ethereum and other high-caps the boost they needed to start their climb upwards.

This article will evaluate three separate aspects of Ethereum price movement, including ETH/USD, ETH/BTC and ETH.D (overall market dominance). In summary, the aim is aim to evaluate the next few periods of price action for Ethereum, which on the higher timeframes will provide about two to four weeks of what to expect, given the current market scenarios.

Several things come to mind when thinking about Ethereum and its future, although if there is one thing that crypto space seems appears to be incredibly quiet about, it is the enterprise, institutional, and corporate application of Ether.

The interest in ‘Enterprise Ethereum’ networks that are in development at Amazon, JP Morgan Chase, Microsoft, and other corporations show promise. This alone makes ETH an incredibly strong player for renewed momentum in the markets, and for that reason, technical analysis can prove insightful.

Fundamental and Technical Analysis

Oftentimes, crypto debates stem from the ideological differences between fundamental analysis (FA) and technical analysis (TA). Many feel that a ‘successful’ trader needs to decide on one of these two approaches. However, when used together, each adds a considerable amount of value, especially when considering that finance experience differs from person to person. The distinction between the two: FA suggests what to invest in,

» Read Full Article «