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AlanSantana
May 11, 2021 11:11 AM

Ethereum (ETH) To Continue Rising, Bitcoin (BTC) Will Follow! 

Ethereum / U.S. dollarBitstamp

Description

Ethereum is not backing out just yet and we continue aiming higher.

There isn't much to update here other than the fact that all the signals remain bullish.

Bullish candles, bullish indicators, strong volume, etc.
Everything points higher.

Our next target level is set at around $4900 above $4100, followed by $$5700+.

What About Bitcoin?

Bitcoin (BTCUSD) continues consolidating and it is very likely to follow.

Bitcoin is heavier than Ethereum and already printed massive growth.
After some more consolidation, we will see its price continue up.

Namaste.
Comments
Amit26
Have you noticed how ETH has almost fully recovered from yesterday's mini crash, but BTC is still struggling. Interesting things happening..
Amit26
In spite of me being very bullish on ETH, yesterday's flash crash got me thinking that ETH will probably make a correction now, so I sold some coins, regretting the decision now :(
Looking for an opportunity to buy back :)
Amit26
@ArtfulDodger1974, But Eth is showing a lot of strong momentum, I may have to buy back at higher price :(
lcharles1001
@ArtfulDodger1974, a monthy crash probably will happen from 15 to 26 this month, following previous months
rajasmasala
@ArtfulDodger1974, It's kind of like a poker game. Everyone was trying to stay out of the obvious undervalued asset. People may now decide to make this a feint.
rajasmasala
@rajasmasala, On the other hand there's the theory that retail buy Doge and other meme coins in the hopes of cycling profits into Eth for the conservative play.
Amit26
@rajasmasala, forget doge, there are rumors of investors moving money out of btc into eth
cmplord
@Amit26, a moment of silence
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