Well, if you can believe it, while BTC’s grand parade has been hogging all the headlines, ETH has quietly slipped past the $3,000 mark for the first time since early February, hitting a lofty $3,150 and setting a five-month high. Who would’ve thought, eh?
According to the wise sages at Swissblock, this sudden surge in Ethereum seems to be fueled by capital fleeing from Bitcoin as traders start to cash in their chips. You see, historically, Bitcoin’s bullish waves this year have lasted anywhere from two to four weeks, and with the current rally stretching into its twelfth day, it’s starting to look like the tide might be turning. 🌊
And the technical signals? They’re all pointing in the same direction. The ETH/BTC ratio has finally broken its year-long downward spiral, pushing above the 200-day moving average. This, my friends, is a key indicator that Ethereum might be gearing up for a strong showing in the medium to long term. 📈
Now, one of the more colorful characters in the crypto world, known as Merlijn The Trader, sees a grand future for Ethereum. He’s drawing parallels to Bitcoin’s wild ride between 2018 and 2021, suggesting that ETH might be on the cusp of a similar adventure. If his predictions hold water, ETH could skyrocket by as much as 1,100%, aiming for a price around $18,200. That’s enough to make a man’s head spin! 🌀
But, as they say in the crypto world, a word to the wise: caution is key. Historical patterns and chart signals can be mighty persuasive, but they don’t come with a money-back guarantee. So, keep your wits about you, and maybe don’t bet the farm on it just yet. 🏡🌾
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2025-07-16 13:05