ThrivingProject

ETH Playing Catch Up To BTC

Long
BITSTAMP:ETHUSD   Ethereum
Most cryptocurrencies mimic Bitcoin's movements, and Ethereum is no outlier. Bitcoin is nearing it's zenith as the US Federal Reserve continues to pump money into the economy and hedge-funds are seeking alternatives since interest rates are near rock-bottom and certain assets in the credit market, like bonds, are no longer profitable and equities future are uncertain do to economic shutdowns. However, ETH has not yet traced BTCs recent move, so expect it to pump for the duration of the weekend into next week.

Target 1: $750
Target 2: $900
Target 3: 1400
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.