Warum Ethereum nach dem Ende der Bitcoin-Rallye weiter steigen könnte

On-Chain-Daten deuten darauf hin, dass sich Ethereum in einer besseren langfristigen Wachstumsposition befindet als Bitcoin und daher auch nach dem Ende der Rallye von BTC Gewinne verzeichnen könnte. Die Ethereum Exchange Reserve ist noch nicht so stark gestiegen, wie ein Analyst in einem CryptoQuant-Post darauf hinwies, dass Anleger kürzlich Bitcoin an Börsen deponiert haben.

Timeline of Bitcoin, Ethereum

Ethereum [ETH] made enormous gains on the price charts over the past ten days and surged from $1380 as high as $1840. This measured over 30%, and the higher timeframe bias was bullish.

Bitcoin continues its upward trend as the global banking sector faces a crisis; the cryptocurrency has seen its best performance year to date. The BTC price has been pushing up due to a strengthening in the narratives and could see further upside ahead of a critical macroeconomic event.

According to technical analysts looking at the Bitcoin market on a short-term time horizon, the world's largest cryptocurrency by market capitalization looks like it could be on the verge of a breakout towards the psychologically important $30,000 level and perhaps on towards the next major resistance zone around $32,500-$33,000.

The BTC/USD is trading at 27,908, up by 2.50% in 24 hours. The US bank crisis fueled a weekend surge and Bitcoin momentarily reached $28,000 for the first time in nine months on Monday. However, the price dropped before the US Fed decided on interest rates.

On-chain data suggests the $28,700 mark, which Bitcoin has yet to hit since the LUNA collapse, could be the next major obstacle to clear for the asset. Bitcoin Has Been Under The $28,700 Level For 310 Days Now According to data from the on-chain analytics firm Glassnode, the $28,700 is the cost basis (that is, the acquisition price) of a specific whale group in the BTC market.

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Ethereum's price is showing a very bullish signal right now, with a couple of key resistance levels getting broken to the upside. If the breakout is valid, things could look much better for the crypto market in the coming months.

The latest Ethereum price analysis confirms that the price has been on a steady uptrend for the past few hours, spiking up to the $1,836 level. However, despite this minor setback, the Ethereum price analysis shows that bulls have not given up and have started to gain more control of the market.

The price of ethereum (ETH) has increased tremendously, from $1,760 to $1,820 as of March 21, as bitcoin (BTC) remains steady after a surge in the last few days. Ethereum surged to $1,820 and then slightly corrected.