Predicts that Ethereum and BTC will Sink or Swim Together.
Gissis (reviewed here) just published a brief update giving their opinion as to trends in the cryptocurrency market — at least in-so-far-as they deal with Ethereum and, to a lesser extent, Bitcoin. Gissis appears to envision a bright future for these coins which appears to be the prevailing view with most crypto “Hodlers” and traders. Let’s see what happens in the coming week or two. They will be significant in establishing future trends.
Here’s the Gissis update…
Ethereum Rallies to $270 as Crypto Market Grows Bullish
Overnight, Ethereum and the aggregated market incurred some notable momentum that sent virtually all cryptocurrencies surging from their weekly lows.
Ethereum’s intense 2020 uptrend appears to have continued strong after the cryptocurrency experienced some turbulence earlier this week. The overnight rally experienced by ETH also allowed the crypto to push against a key resistance level that has been suppressing its price action.
Analysts are now noting that how ETH closes its weekly candle will be critical for determining which direction it will trend in the weeks ahead.
Because Ethereum has been moving in tandem with Bitcoin over the past several days, it is highly probable that its near-term fate will be largely dependent on where BTC moves next.
Stay up to date with Gissis Holding Company!
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