3 Trends Show Ethereum Is On Track For Strong Growth in 2021

Ethereum remains in a bullish state from a macro perspective after a strong 25% correction from the year-to-date highs, analysts say. It shows that the cryptocurrency has recently formed two bullish macro technical signs: ETH has broken out of a 715-day range while it is forming a series of higher highs and higher lows, suggesting the formation of an uptrend.

While Ethereum may be strong in its own right, the coin may face competition from other blockchains that could suppress ETH upside. According to a Bloomberg article released on Oct. 17, Polkadot is an Ethereum blockchain killer.

Timeline of Ethereum, Polkadot-new