Ethereum will strengthen against Bitcoin!

ETH, which has increased by 5 percent in the last 24 hours, has started to give positive signals for altcoins. Bitcoin’s horizontal course did not go unnoticed during this process. Ethereum, which has gained value compared to Bitcoin for a few days, may start an altcoin rally if it can continue this trend.

While #Ethereum is priced at $3350, it is stated that 3.34 million addresses hold a total of 3.18 million $ETH and are in profit. According to current data, ETH’s main resistance is at $3,508. It is stated that 3.90 million addresses have purchased 1.62 million ETH at this point.

If the buying pressure increases, it seems possible for ETH to overcome this resistance and approach $4,000. The $4,000 level, which is a critical resistance both technically and psychologically, will affect the short/medium term price movements of altcoins.

Michael van de Poppe, who is famous for his cryptocurrency analysis, made altcoin investors happy with his $ETH comment on December 24. The analyst, who thinks that the ETH/BTC parity will exceed 0.04 in January, has a very positive view on Ethereum.

According to Poppe, ETH will strengthen during this process and outflows from BTC will increase. In short, ETH will start to gain value against BTC. As a result, sharp increases can be observed in altcoins. Especially, more severe increases can be experienced in cryptocurrencies in the Ethereum ecosystem.