[View] That's why analysts expect the Ethernet Square soared to $ 200

Following the December doldrums again this month, the currency market has started to recover encrypted appear. The total market capitalization dominated by Bitcoin, briefly withdrew $ 250 billion, Ethernet Square and close to $ 20 billion.

With the BTC halved approaching, this continued bullish Ethernet is also good news for Square, because it still has a long way to go.

Long-term chart clearly shows that Ethernet is still in a deep two-year bear market square of. When it resumes, the price could soar to highest level since 2017.

Bitcoin (BTC) itself experienced a crazy week, up 10%, while Ethernet Square is more than the market leader. The second largest by market capitalization encryption currency rose 20 percent in the past seven days, a few weeks reached $ 175 for the first time.

While some analysts doubt this rally will continue, on the grounds that the rebounded ETH top printed with the apparent failure swing candle, but a top analyst has just observed encryption currency on the daily chart has surpassed two key price Level.

In the past week, Bitcoin, Square Ethernet (ETH) and other leading digital assets finally came to a standstill. The price of these assets fell across the board, since last week's highs of more than 10%.

Still, some analysts convinced that the prospects encryption currency remained positive. Specifically, a trader recently pointed out, at least from the mid-point of view, ETH is expected to surge.

Square Ethernet medium-term trend is bullish, analysts assert

The famous encryption currency trader Satoshi (Satoshi Flipper) recently pointed out, Ethernet Square weekly chart show signs of relatively bullish after hitting around $ 120.

In particular, he pointed out, Heiken Ashi candles is a special chart techniques make it easier to identify trends for, has turned green on the weekly chart, indicating that the medium-term bull trend is emerging.

Flipper added that Square has broken through the Ethernet falling wedge structure, thus limiting the six-month price movements, Bulls is a good sign.

Although Flipper did not give a specific price target in the above tweet, but the arrows on the chart indicates that the Ethernet Square may have $ 200.

ETH will follow the market leader in bitcoin

Ethernet Square Although seemingly bullish price trend, but the trend depends largely on Bitcoin. Cottage currency track BTC is common sense encryption currency communities.

Then, for ETH investors Fortunately, analysts expect leading encryption assets will appreciate in the coming months.

According to previously reported that exports, traders Filb Filb in the latest edition of the newsletter Decentrader wrote that he still May this year, reducing the Bitcoin block reward optimistic:

In some ways, to rebound to 12,500 dollar, will require BTC rebound from the current level of 50%. A similar initiative Square Ethernet assets may make close to $ 250.

Since Filb Filb in the past few months it has been one of the most accurate currency traders encryption, so this is very compelling phone deals. Last October show in a chart, he is expected to soar to $ 10,000 BTC, then fell to $ 6,400 in order to find the bottom of a macro. Bitcoin doing just that, making him has an excellent record in the analysis of digital assets.

There are some fundamentals suggest that asset markets, including encryption, including the ETH in 2020 will largely positive. Last December, Changpeng Zhao said he has seen interest in Ethernet Square agencies is increasing, which is a good sign for the market. He added that the long-term trajectory of the industry is crucial.