Crypto investors across the market are particularly bullish on Ethereum, which has been underperforming in recent weeks compared to Bitcoin and other cryptocurrencies. Targets of $300 or more to the upside are expected for the cryptocurrency created by Vitalik Buterin.
Collective Crypto Market: Ethereum Reached BTC Ratio Bottom, Time for Liftoff
Bitcoin’s recent rally was met with much disbelief , as the leading cryptocurrency by market cap made a powerful exit out of the bear market, confirming the bottom is in, and potentially reigniting a bull market in a matter of a little more than a month.
Related Reading | Will Ethereum Surge Past $300 When Bitcoin Finally Corrects?
With such bullish sentiment back in the crypto market, and with Bitcoin price charts leading the way, potentially revealing how certain major altcoins might perform, has given crypto investors a boost in confidence surrounding Ethereum.
Do you guys have any idea how much $ETH will pump once it wakes up?
It’s gonna be ridiculous, just like last bull run. $ETH is like an index fund of altcoins.
— Bitcoin Macro (@BTC_Macro) May 14, 2019
Reading through the collective comments and thoughts from crypto Twitter personalities to top-commented threads on crypto trading sub-Reddits , it’s clear that most of the market expects Etheruem to make a major rally in the coming days , both in terms of USD value, but even more so in terms of the cryptocurrency’s ratio relative to BTC.
alright, time to send it $ETH nerds