Alex Dovbnya
Financial analyst John Bollinger claims it’s time to pay attention to Bitcoin and Ethereum
and Recent tweetsTrader and financial analyst John Bollinger claims that $ 45,000 is the “key point” of Bitcoin, the world’s largest cryptocurrency.
Earlier today, cryptocurrencies surged to a daytime high of $ 45,137 on the Bitstamp exchange, reaching the highest price since March 2. However, cryptocurrencies have already abandoned most of their profits and have returned to the $ 44,200 level. Bitcoin has still risen by about 9% in the last 24 hours.
Images by Tradingview.com
At the same time, Bollinger argues that $ 3,200 is the “key point” of Ethereum, the second largest cryptocurrency. Flagship altcoin touched $ 3,195, the highest level since February 10th, on the Coinbase exchange before comparing profits in parallel with Bitcoin. Cryptocurrencies are currently trading in the red, just above the $ 3,100 level.
Bollinger believes that Ethereum could lead the next rally and encourages followers to pay attention.
The largest altcoin has fallen 11% so far compared to Bitcoin in 2022, and risk-off sentiment dominates the price behavior of the crypto market.
Ethereum made tremendous profits in 2021 and the ETH / BTC pair surged by a whopping 403%. Cryptocurrencies have benefited from the explosive growth of Cambrian non-fungible tokens (NFTs). It dominated the headline throughout the year.
Ethereum hasn’t been successful so far in 2022, but many analysts will steal the spotlight ahead of a long-awaited upgrade called “Merge” that is tentatively scheduled for this summer. .. As reported by U.Today, the second largest blockchain is expected to consume 99.95% less energy when moving to the proof of stake mechanism. It is not yet known if Ethereum can overthrow Bitcoin’s market capitalization.