Everyone says that the BTC cryptocurrency has shown impressive results in price growth over the past 2 weeks. Recall that in the past 14 days, the cost of Bitcoin has risen by about $ 550, from $ 3,400 to $ 3,950 - currently, this is an impressive result.
But few people pay attention to the growth of ETH cryptocurrency, which during the same time made an even more impressive breakthrough. In the period from February 8 to February 22, 2019, the price of Ethereum increased from $ 104 to $ 145, which means it increased by almost 50%. At the moment, the ethereum has more chances for growth, and now we will explain why.
The first thing we want to draw attention to is trading volumes and the fight of bulls with bears. According to Bitfinex, bulls dominate the ETH / USD chart. The ratio of buy and sell deals is 82 by 17. On the BTC / USD chart, it is 55 by 44 - this is the smallest superiority of long traders in the last week.
Secondly, the price of ETH shows its resilience. For a long time, the founder of TRON, Justin San, tried to downplay the importance of the Ethereum platform from time to time by reporting that a large number of dApps changed Ethereum to Tron. Zhao Changpeng announced yesterday that a day after the launch of Binance Chain, they were joined by 8 projects that had previously worked on Ethereum. But all these negative news in no way shook the foundation of ETH.
Thirdly, Ethereum is more popular among traders. This is indicated by the ratio of trading volume to the total capitalization of the project. With 15 billion capitalization, the daily trading volume of ETH is 3.8 billion - 25%. For example, in Bitcoin, this figure is 10 percent.
Fourthly, after 5 days in the Ethereum network, Constantinople will be updated, which causes additional interest in this coin among traders and investors.
Most likely, in the period from tonight to Monday inclusive, we will see another growth cycle of Ethereum. Our goal is $ 175.
