Cryptocurrency News

ETH Looks Bullish, Important Analyst Says

Ethereum is surrounded by bullish news, according to the latest predicitons. Check out the latest reports about this below.

At the moment of writing this article, ETH is trading in the red, and the coin is priced at $1,690.

ETH looks bullish these days

A crypto analyst known for accurately calling Bitcoin’s (BTC) 2018 bottom believes that bullish price actions are in store for Ethereum (ETH), and more altcoins. Here are his predictions.

Pseudonymous analyst Smart Contracter said recently that Ethereum rival Fantom looks ready for an uptrend after completing its corrective move down and breaking out of a diagonal resistance.

“Nice FTM downtrend break on USD pair and BTC pair and macrostructure is a big clear three wave move down. Hard not to be looking for longs on some things now in light of this weekend price action.”

Next up is the blockchain indexing protocol The Graph (GRT). According to the crypto trader, GRT is also looking pretty bullish after concluding its ABC wave down.

“So many alts look amazing.

GRT also has a clean ABC down on weekly after five-wave rise.”

Ethereum’s Vitalik Buterin sells his meme coins

According to data from Lookonchain, Buterin recently sold $693,000 worth of meme tokens Mops (MOPS), Cult DAO (CULT), and Shikoku (SHIK).

“vitalik.eth (@VitalikButerin) is selling his free sh**coins.

Currently sold 50billion MOPS for 1.25 $ETH($2K), sold 10bill CULT for 58 $ETH($91K), sold 500 trillion SHIK for 380 ETH($600K).”

As the online publication the Daily Hodl says, with all of the moves occurring in the last few days, the meme token prices have reacted wildly differently to the large transaction.

“MOPS is trading for $0.000001 at the time of writing, up 2,493% in the last 24 hours. CULT is worth $0.00004 at time up writing, down 6.9% on the day. SHIK is trading for $0.0000000043 at time of writing, down 73% on the day,” according to the same reports.

Other than this, there are all kinds of optimistic predictions about the prices of digital assets these days.

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