{"id":16380,"date":"2021-09-02T05:18:05","date_gmt":"2021-09-02T05:18:05","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=16380"},"modified":"2021-09-02T05:35:46","modified_gmt":"2021-09-02T05:35:46","slug":"news-commentary-1450-ethereum-as-a-signal-for-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=16380","title":{"rendered":"News Commentary #1,450 \u2013 Ethereum As A Signal For Bitcoin Rally..?!"},"content":{"rendered":"<p>Another piece of news from crypto world that might be quite useful for eveyrone: hodlers, traders and investors.\u00a0<\/p>\n<p>Over the past 24 hours one could see attempts of bull run recovery for main and secondary crypto assets. Were they just trying and will we see the next larger crash after hitting significant resistance levels? OR is this the start of real rally which must take us above previous ATH (<strong>all time high<\/strong>) prices.<\/p>\n<p>***I remind all hyip investors to pay their attention to these crypto assets price moves as they play now <strong>one of the major roles<\/strong> for hyip industry as well and many admins make their <strong>decisions based on this<\/strong>. The strong programs which were planned to run through such times &#8211; have all chances not only to servive but also to become <strong>extreamly popular<\/strong> among many readers (<em>hint: not only of hyip world<\/em> \ud83d\ude09 ) and investors&#8217; groups. Some admins seem to start using <strong>new practics of earning<\/strong> <strong>with hyips AND cryptoasset methods<\/strong> <strong>TOGETHER<\/strong>, which can <strong>positively affect<\/strong> all the <strong>hyip industry<\/strong> in the near future..<\/p>\n<p>Meanwhile, let&#8217;s check this:<\/p>\n<blockquote>\n<p><img decoding=\"async\" class=\"alignnone size-large\" src=\"https:\/\/images.cointelegraph.com\/images\/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvODg2NjdlZDAtZDMzMi00YmE5LWFlOTgtYzdjMWYyZWRlNzhhLmpwZw==.jpg\" width=\"100%\" height=\"\" \/><\/p>\n<p>Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn\u2019t over yet.<\/p>\n<p>Meanwhile, Bitcoin\u2019s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting\u00a0a three-month high versus BTC\u00a0and facing a run toward the next resistance around the all-time high.<\/p>\n<p>The primary question is now whether this Ether breakout is a signal for Bitcoin to follow suit and break through the resistance barriers in September. Historically,\u00a0September has been a corrective month, meaning that such a breakout may catch many traders off guard.\u00a0<\/p>\n<h2>Critical resistance zone at $51,000 to break for Bitcoin<\/h2>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/c2e1aeb3-cd7f-4e8e-ba5b-55e538ae7959.png\" alt=\"\" width=\"100%\" \/><figcaption><em>BTC\/USDT 1-day chart. Source:\u00a0<\/em><a href=\"https:\/\/www.tradingview.com\/x\/w3857dTO\/\" target=\"_blank\" rel=\"noopener nofollow\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The daily chart for Bitcoin shows a consolidation between $44,000 and $50,000. This consolidation resulted in a big breakout of altcoins across the markets as some already broke their previous all-time highs.<\/p>\n<p>The resistance is quite clear for Bitcoin. If BTC can break this resistance, a big impulse move is likely, comparable to the breakout above $6,000 in the earlier phase of this cycle.<\/p>\n<p>The bearish divergence in the chart will only be confirmed when the recent higher low is invalidated and broken downward. At that point, the uptrend is officially reversed.<\/p>\n<p>Currently, the market is consolidating after the rally from BTC\u2019s July lows. In other words, the bearish divergence remains unconfirmed until Bitcoin loses the lower bound of the support range, which can be found at $44,000.<\/p>\n<h2>Total market cap eyes new highs<\/h2>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/42ac3f86-2903-41a5-9e5d-1915cfeb7c2d.png\" alt=\"\" width=\"100%\" \/><figcaption><em>Total crypto market capitalization 1-day chart. Source:\u00a0<\/em><a href=\"https:\/\/www.tradingview.com\/x\/6OIuDrew\/\" target=\"_blank\" rel=\"noopener nofollow\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The total cryptocurrency market capitalization shows a bullish continuation with constant higher lows and higher highs.<\/p>\n<p>The crucial breaker for the market cap to break through is the resistance zone around $2.12 trillion. Once that one breaks, more upside is likely toward new all-time highs. This structure might also foreshadow Bitcoin\u2019s price trajectory, as this chart is currently demonstrating even more bullish behavior than BTC\/USD.<\/p>\n<h2>Ether breaks above key $3,400 level<\/h2>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/a11928e4-9a3e-418e-923e-7cf98360ab22.png\" alt=\"\" width=\"100%\" \/><figcaption><em>ETH\/USD 1-day chart. Source:\u00a0<\/em><a href=\"https:\/\/www.tradingview.com\/x\/zAc7xv1f\/\" target=\"_blank\" rel=\"noopener nofollow\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The daily chart for Ether shows a breakout above the crucial breaker at $3,400. This is a signal of strength for the entire market. The difference between Bitcoin and Ether right now is that ETH is hitting higher highs, while Bitcoin remains in a sideways range.<\/p>\n<p>In this chart, the critical breaker for Ether is the previous resistance zone at $3,400. As long as that sustains support, continuation toward all-time highs becomes increasingly likely.<\/p>\n<p>However, if a breakdown beneath $3,400 takes place, a potential bearish divergence comes into play, resulting in a correction to $2,600. Such a correction would also affect Bitcoin, which also has a few critical levels to watch as support.<\/p>\n<h2>Crucial levels to watch for Bitcoin<\/h2>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/0ea99b3d-99de-4d17-b714-cc7b2893d02b.png\" alt=\"\" width=\"100%\" \/><figcaption><em>BTC\/USD 4-hour chart. Source:\u00a0<\/em><a href=\"https:\/\/www.tradingview.com\/x\/9mh7l9Ij\/\" target=\"_blank\" rel=\"noopener nofollow\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The chart for Bitcoin shows a slight downtrend since the recent high at $50,300. However, the chart shows significant support at $46,400 as well, which may prevent any more downside to $44,000 and below.<\/p>\n<p>Such a correction could harm the markets and bring the entire market down toward lower levels, which might mean that Ether could drop below $3,400.<\/p>\n<p>On the other hand, if Bitcoin remains within this range between $44,000 and $51,000 (on the lower timeframes, $46,400 is also an essential level), the conditions for altcoins to rally will only get better.<\/p>\n<p>Until Bitcoin doesn\u2019t go vertical or has a significant impulse wave, altcoins are in a good position to outperform BTC in the short term, and that\u2019s what the market is currently seeing.<\/p>\n<\/blockquote>\n<p>Check <span style=\"background: #FDFBAC;\">other news for today<\/span> and Please stand by..<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" sizes=\"auto, (max-width: 544px) 100vw, 544px\" srcset=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg 544w, https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1-272x300.jpg 272w\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another piece of news from crypto world that might be quite useful for eveyrone: hodlers, traders and investors.\u00a0 Over the past 24 hours one could see attempts of bull run recovery for main and secondary &hellip; <a title=\"News Commentary #1,450 \u2013 Ethereum As A Signal For Bitcoin Rally..?!\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=16380\"><span class=\"screen-reader-text\">News Commentary #1,450 \u2013 Ethereum As A Signal For Bitcoin Rally..?!<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[139,4293,3611,3641,5648,5650,276,5649],"class_list":["post-16380","post","type-post","status-publish","format-standard","hentry","category-information","tag-bitcoin","tag-crypto-assets","tag-crypto-news","tag-crypto-updates","tag-ether","tag-ether-vs-btc","tag-ethereum","tag-price-crypto","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,450 \u2013 Ethereum As A Signal For Bitcoin Rally..?! 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