Crypto News 

Consolidating Bitcoin Price May Be Setting Up Ethereum for a 30% Surge

“Ether price is still capped below the overhead moving averages and a move above this would set the price at slightly above $200” writes Horus Hughes for cointelegraph.com. Given that Bitcoin currently has a slight bearish bias spot and margin traders should definitely remember to use a stop loss when trading Ether.Bitcoin (BTC) dominance remains high at 66.3% and so does the amount of attention traders are dedicating to the largest digital asset’s price action.Some traders have found confirming evidence in comparing Bitcoin and altcoin fractals to identify bottoming patterns and the possibility of future rallies.Despite Bitcoin’s current prolonged consolidation giving a bearish tilt to its price action, Ether looks enticing on both the USD and BTC pairing.
 
Source: cointelegraph.com



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