Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Sharpmax on April 01, 2021, 08:05:15 PM
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Ether's (ETH) price has broken out for the first time in 23 days in its Bitcoin (BTC) pair. It follows a high-profile announcement from Visa to use USDC, a stablecoin based on the Ethereum blockchain.
Although ETH/BTC saw a strong technical breakout, the uptrend has been fueled by firm fundamental catalysts, buoying the short-term bull case for ETH.
Traders think Ethereum will outperform Bitcoin in April
According to the pseudonymous trader known as "Rekt Capital," Ethereum was close to breaking out of its triangle market structure multiple times since January 2021.
However, every time it attempted to break out of it, ETH saw a fairly large rejection from the resistance area. Source (https://cryptonews.net/508781/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)