ETH.D trade ideas
ETH.D prediction; A New Day Dawns for Ethereum blockchainEthereum Spikes After New Upgrade As Its Crypto Market Dominance Gains An Edge On Bitcoin
Bitcoin's market dominance has fallen this year from nearly 70% to about 40%. Meanwhile, ether's market share has swelled from 10% to 20%, with the world's second-largest cryptocurrency now commanding a market capitalization of about $360 billion.
Ether surged Thursday after the long-awaited launch of a software upgrade meant to help the cryptocurrency transition to a more environmentally friendly blockchain network—a development that alongside surging mainstream adoptions has helped the world's second-largest cryptocurrency far outperform larger rival Bitcoin.
Within technology circles, it’s not uncommon to encounter fierce debate about a variety of topics. In recent years, none have been more contentious than the battles over which cryptocurrency and blockchain pair will eventually come to dominate the rest. Since the beginning of the crypto wave, the clear consensus choice has been Bitcoin, which has sat atop the market capitalization charts from the earliest days.
Most experts don’t expect that to last, however. As the grandfather of all cryptocurrencies, the Bitcoin blockchain is beginning to show its age. It suffers from a variety of real-world limitations, not least of which is its inability to scale. Seeking to replace it in the race for dominance, a variety of alternative blockchain implementations have risen up to solve some of the inherent problems associated with Bitcoin’s blockchain, but so far none have managed to capture any significant slice of the market.
Assuming the stages go over without any issues the new Ethereum 2.0 should emerge from the process in a great position to finally end Bitcoin’s long reign as the cryptocurrency king. It will be a trusted system with far fewer scalability issues and a much larger feature set than its primary competitors. Only time will tell if the launch of the upgrade will be the signal of a new blockchain era, but the one certainty is that a new day is dawning for Ethereum – and for the cryptocurrency space as a whole.
CONCLUTION :
1- With the advent of Ethereum2, the market conditions are different from before, and if this project succeeds, the future of the market will change.
2. The king of cryptocurrencies , bitcoin loses full control, but Ethereum can take the lead and direct the market at least for a while.
3-And it could mean that with the fall or rise of bitcoins, altcoins market will change less and the correlation between altcoins and Ethereum will increase more and more.
4- Reaching the second step and dominating 50% for the Ethereum is not far from expectation and maybe even in a temporary period it can reach about 82% of dominance in the third step.
5- Because Ethereum blockchain network today has tough and successful competitors such as Solana, Cardano, Polkadot, Neo, Tezos, ...etc., its dominance definitely decreases over time.
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Ethereum Dominance set for new highs!!Ethereums been outperforming BTC recently with ETH's dominance starting to climb back up, i think we can easily expect new yearly highs for ethereums dominance based on how fast it is growing plus the soon to be deflationary asset will grow demand wise, we had a yearly high recently of about 21% and i think we are bound to make our way upto atleast the 22% level. We recently had a very nice breakout gaining lots of momentum but we do seem to be hitting some longer term resistance/support from back in 2017, and of course we will have lighter resistance coming from this years high. Looking at the bollinger bands we are continuing to fly up that top band with little to no sign of slowing down, we could continue climbing as the days go on, especially if we can smash through this resistance and hold it for a daily close. Checking out the MACD once again we are looking super bullish with no sign of slowing down, we see very big separation within the MA's the blue has completely shot away from the orange and we are now headed just about straight up! Histogram continues to look solid as we keep seeing growing green bars show that we definitely still have momentum, we look very very far away from a bearish cross here and overall i am very bullish on ETH short and especially long term, i think my guess at 22% dominance was a little bit conservative! Not financial advice just my opinion!
ETH.D Flag for Breakout ETH.D has provided us with a flag that will act as the ammunition for a breakout
A break through a key fib level from the downtrend and a fib level from the uptrend
Areas in red prove the fib circle, as can be seen trending around the circle
Ethereum is very hot right now
This is the chart for Ethereum Dominance
ValhallaWe are looking at a monster
Volume analysis on eth signals for massive gigantic growth
Buy area: 750_1100 , most recommended buy entry point:1200_1300 (maybe I'm wrong)
Buy in spot and keep them safe
I expect btc/eth flip in near future as eth dominance goes much higher, with no doubt eth is the new king, same analysis for btc.d signals for more fall and i can imagine btceth flip will impact the whole market movements.
What will happen has many possibile shapes to impact the market and i don't know what we will be dealing with after btc/eth flip shows up but you are going to love to see parabolic run on eth.
All hail to new king.