{"id":375837,"date":"2021-12-03T11:06:17","date_gmt":"2021-12-03T08:06:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-about-to-go-parabolic-against-bitcoin-as-analysts-weigh-btc-bear-case\/"},"modified":"2021-12-03T11:06:17","modified_gmt":"2021-12-03T08:06:17","slug":"ethereum-about-to-go-parabolic-against-bitcoin-as-analysts-weigh-btc-bear-case","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-about-to-go-parabolic-against-bitcoin-as-analysts-weigh-btc-bear-case\/","title":{"rendered":"# Ethereum &#8216;about to go parabolic&#8217; against Bitcoin as analysts weigh BTC bear case"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d211f26e13\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d211f26e13\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-about-to-go-parabolic-against-bitcoin-as-analysts-weigh-btc-bear-case\/#2-week_predicts_%E2%80%9Ccrazy%E2%80%9D_ETH_move\" >2-week predicts &#8220;crazy&#8221; ETH move<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-about-to-go-parabolic-against-bitcoin-as-analysts-weigh-btc-bear-case\/#Bitcoin_old_hands_tweak_bull_case\" >Bitcoin old hands tweak bull case<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ethereum &#8216;about to go parabolic&#8217; against Bitcoin as analysts weigh BTC bear case <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Ethereum\u2019s Ether token (ETH) is due to launch a &#8220;parabolic&#8221; attack on BTC to beat all-time highs, one analyst believes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2-week_predicts_%E2%80%9Ccrazy%E2%80%9D_ETH_move\"><\/span>2-week predicts &#8220;crazy&#8221; ETH move<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/bf95c3f6-604f-4470-9ae5-923aba92baeb.png\"><figcaption style=\"text-align: center;\"><em>ETH\/BTC 1-month candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Data from\u00a0Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ETHBTC\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0shows ETH\/BTC sitting near three-year highs \u2014 but its next move should be even stronger.<\/p>\n<p>Ethereum against Bitcoin is one of the few bullish narratives in the short-term crypto markets this month.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/galaxyBTC\/status\/1466661896090759168\">tweet<\/a> on Dec. 3, popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Galaxy reinforced optimistic predictions for the largest altcoin, even suggesting that ETH\/BTC is about to eclipse its already strong performance with a vertical move.<\/p>\n<p>&#8220;I&#8217;ve been waiting and publicly charting ETH\/BTC on the big picture for years, and now we are finally here,&#8221; he told followers alongside a predictive chart.\u00a0<\/p>\n<blockquote><p>&#8220;$ETH is about to start going into parabolic mode. Just wait and see how crazy things are about to get.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/62a4216a-1b98-44e1-9c2e-002929b02620.png\"><figcaption style=\"text-align: center;\"><em>ETH\/BTC 2-week annotated candle chart (Binance). Source: Galaxy\/ Twitter<\/em><\/figcaption><\/figure>\n<p>ETH\/BTC reached 0.085 this week, its highest since a brief spike in May this year. Beyond that, only 2018 stands in the way of new all-time highs, that year nonetheless seeing a significantly higher ceiling of up to 0.15 on some exchanges.<\/p>\n<p>In USD terms, the picture is similarly promising, Ethereum having set repeated new records in early November and staying broadly within 20% of $5,000 since.<\/p>\n<p>&#8220;This in theory should be the part where if strength continues we see that strong run based on structure,&#8221; fellow trader Pentoshi tweeted as part of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1466517835631505414\">separate comments<\/a> on Ethereum Friday.<\/p>\n<p>While not everything points to the $5,000 level falling, ETH\/USD traded at around $4,550 at the time of writing.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/c6ceaf00-f20c-4e62-a43f-6ddb1af47aa9.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-day candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_old_hands_tweak_bull_case\"><\/span>Bitcoin old hands tweak bull case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For Bitcoin, meanwhile, the mood remains conservative.<\/p>\n<p><strong><em>Related:\u00a0Victory is for the taking in Friday\u2019s $950M Bitcoin options expiry<\/em><\/strong><\/p>\n<p>After several weeks of underwhelming price performance, analysts are beginning to give more credence to &#8220;bearish&#8221; theses, while ostensibly remaining bullish on BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bull case:<\/p>\n<p>&#8211; OC supply dynamics: illiquid supply, LTH supply, HODL waves, etc.<\/p>\n<p>&#8211; OC oscillators never reached exuberance\/reset over summer <\/p>\n<p>&#8211; Summer included OC behaviors that resemble bear market<\/p>\n<p>&#8211; Funds have fresh PnLs in January, hunger to take on risk<\/p>\n<p>&#8211; Macro uncertainty<\/p>\n<p>\u2014 Will Clemente (@WClementeIII) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1466447047410819079?ref_src=twsrc%5Etfw\">December 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Cointelegraph reported, on-chain metrics likewise present little cause for concern, yet small cues, such as long-term holder selling activity, point to decreased conviction.<\/p>\n<p>Sentiment, having risen to &#8220;neutral&#8221; territory this week, is now back in the &#8220;fear&#8221; zone, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Crypto Fear &amp; Greed Index<\/a> measuring 31\/100.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/d26c91d2-e924-49a8-923e-fb8215e8a9af.png\"><figcaption style=\"text-align: center;\"><em>Crypto Fear &amp; Greed Index. Source: Alternative.me<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-about-to-go-parabolic-against-bitcoin-as-analysts-weigh-btc-bear-case\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum &#8216;about to go parabolic&#8217; against Bitcoin as analysts weigh BTC bear case &#8221; Ethereum\u2019s Ether token (ETH) is due to launch a &#8220;parabolic&#8221; attack on BTC to beat all-time highs, one analyst believes. 2-week predicts &#8220;crazy&#8221; ETH move ETH\/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from\u00a0Cointelegraph Markets Pro and TradingView\u00a0shows ETH\/BTC sitting&#8230;<\/p>\n","protected":false},"author":1,"featured_media":375838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvMGY3Y2QwMWYtZDIzMi00MWMyLWI4YTYtNTVjODRhMDgxOWUyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-375837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/375837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=375837"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/375837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/375838"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=375837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=375837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=375837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}