Ethereum between good and bad news



The outcome of positive events does not always end in the same direction, generally a positive action after a certain time can be compromised by negative events, hence the reason why it is so difficult to explain the differences and variations that occur in certain contexts, an example of this, is precisely the favorable scenario that Ethereum (ETH) has been experiencing by registering in the last 48 hours percentage increases higher than those of Bitcoin, a response that may be overshadowed by the recent statements of Charles Hoskinson who says that at least 100 companies currently working in Ethereum would switch to Cardano (ADA).

If we analyze the interesting rebound that Ethereum experienced, we can intuit that ETH may be consolidating an acceptable margin to try to stabilize against BTC, something that is highly positive for all investors, however, Hoskinson's statements could generate a negative scenario for Ethereum as follows.


Fig. 2 Charles Hoskinson statements may have a negative effect on Ethereum. Image of public domain, Author: Mohamed Hassan, 2018

Despite all this I will remain optimistic as according to my projections Ethereum in the next few moves will come in resoundingly close to $2,000.

What is your opinion?

BIBLIOGRAPHICAL REFERENCES CONSULTED:


[1] Van De Poppe M Buy-the-dip signal? Ethereum sees surprise gain vs. Bitcoin despite BTC drop. March 16, 2021. Article: Online access

[2] Diario Bitcoin Charles Hoskinson: 100 empresas cambiarán de Ethereum a Cardano cuando se active. March 16, 2021. Article: Online access


OBSERVATION


The cover image was designed by the author: @lupafilotaxia, incorporating image captured from: Coingecko.com



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