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WBM_Team
Jun 21, 2019 12:25 PM

ETH – one of the 1st candidates to rally once BTC crosses $10K Long

BINANCE:ETHBTC1D
Ethereum / BitcoinBinance

Description

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Hi Guys.

Still, ETH is much undervalued vs BTC.

The price is still in the buying zone.

This level is very strong resistance which is present since the end of 2017.

It is very unlikely we fall below this level.

As the crypto market re-borns a demand for coins should be growing.

Ethereum is widely known with a large market cap and with a large community.

They also have one of the best coding engineers and business people on board.

So BTC is about to cross 10K. This is 50% of the top value.

Zone above this level is considered by many investors as a safe level to enter.

We think once we cross this level and we will be able to maintain there soundly the alt season will finally come.

Take a look at the charts.

Here are the details of the technical analysis:

• The price is very low – one of the longest support

• 400% gain is possible (mid/long term)

• If you want safer trade to enter long when the price is above 0.042 BTC

• WBM BUY/SELL Indicator – the price is oversold. This is a good moment to enter.

• The supply is still strong. We need more demand.

• The dynamic support was defended

So Traders.

Be prepared for a rally.

It can take a while but ETH is a solid project and you can not afford to not have it in your portfolio.

Did you like our analysis?

Hit a like to support.

Write in the comment section what your expectations are.

Thanks for reading.

MASSIVE Hugs!
WBM Team.

Comment

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Comment

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Trend AnalysisTechnical IndicatorsWave AnalysisBTCBitcoin (Cryptocurrency)ETHBTCethereumbtcrallymoonCryptocurrencywbmteam
Comments
Milamansi
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Thanks. ETH was fueled and exploded back in 2017 thanks to all the ICO craziness, as everyone needed ETH to buy their ICO tokens. We live in a new era, where ICOs are not popular anymore, IEOs are now becoming the new thing, fueled by BNB. Additionally, more alternatives for ETH are available than back in 2017. Nevertheless, I do believe ETH has still a high growth potential and will definitely stay at the top for quite a while. I am just not sure if it will ever recuperate its ATH in BTC pairing (not talking USD pairing here).
WBM_Team
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@Milamansi, yes there is much speculation on crypto and yes it will be pumped. Sure there are many other similar projects but let's look at the projects which are made of Virtual Machines like ETH. 90% of the coins are made on ETH blockchain so far. In one word they are monopolists.
Milamansi
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@WBM_Team, so for you, ETH is here to stay for a long time, alon with BTC? :)
Vision2077
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If we consider BTC actual dynamic and Marketing interest for exchanges and funds to cross the 10K threshold as you mention, then there is an overbought BTC that could bring the ETHBTC right in the buying zone between 0,028 and 0,025. A meager 10% difference before a historic pump we dream of. Now if we all understand that the ETH pump is an overflow of BTC correction, what is the rational behind the timming of the Alt pump ?
WBM_Team
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@Vision2077, thanks for sharing. Simply ETH is much undervalued. The current price is really attractive and low. ETH is one of the main cryptos of all times. It is in the limelight.
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