Ethereum

Satoshi

Bitcoin

Read

Coin

<p>Crypto analyst ParabolicPump has highlighted key signals indicating a bullish breakout for Ethereum against Bitcoin. His analysis points to several indicators that could signal an upcoming rally for Ethereum.</p>
<p>Per his analysis, ParabolicPump proposes that the market conditions may present an opportunity for investors to venture into altcoins beyond Bitcoin. ParabolicPump anticipates that altcoins could see price appreciation in the months ahead.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">THE BOTTOM FOR <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> IS IN<br><br>This upcoming breakout on the monthly chart will be BULLISH FOR <a href="https://twitter.com/hashtag/ALTCOINS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ALTCOINS</a>!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>In the coming months we'll see<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> outperform <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>!<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> The majority of <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Altcoins</a> outperform <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>!<br><br>Now is not the time to be bearish on Altcoins.<br><br>We are seeing… <a href="https://t.co/7sXToQpNAi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7sXToQpNAi</a></p>— ParabolicPump (@ParabolicPump) <a href="https://twitter.com/ParabolicPump/status/1811513473186300257?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-will-eth-outperform-btc-strong"><strong>Will ETH Outperform BTC?</strong></h2>
<p>ParabolicPump expects ETH to surpass BTC, and subsequently, most altcoins will surpass ETH. This potential trend has led the analyst to advise against bearish sentiment on altcoins.</p>
<p>Several technical indicators support ParabolicPump’s bullish outlook. Ethereum has reclaimed two key levels against Bitcoin on the monthly chart. This move has effectively trapped bearish traders, strengthening the case for an upward trajectory.</p>
<p>The analyst highlights May’s monthly candle as a bullish engulfing pattern. While such patterns can occur randomly, its appearance at a crucial level adds weight to the bullish thesis. ParabolicPump emphasizes the importance of context in technical analysis.</p>
<p>Moreover, a bullish MACD crossover is anticipated in the coming months. This event could inject bullish momentum into the ETH and BTC pair. Additionally, a substantial divergence has formed on the weekly RSI, signaling a potential end to the downtrend.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-anticipating-an-epic-altseason-strong"><strong>Anticipating an “Epic” Altseason</strong></h2>
<p>ParabolicPump notes the significance of longer timeframe signals. The weekly chart’s bullish divergence, though not visible in the shared monthly chart, adds credibility to the bottom formation theory. However, the analyst cautions that closing below the two key levels would invalidate this bullish scenario.</p>
<p>The next objective for bulls will be breaking and holding above the diagonal trendline. ParabolicPump believes this event will mark the beginning of a strong upward move. The analyst suggests that accumulating altcoins at current levels could yield substantial returns.</p>
<p>Interestingly, ParabolicPump draws parallels between the current market sentiment and the bottom of the previous bear market. The analyst observes a pervasive fear and negative sentiment across crypto Twitter, reminiscent of past market bottoms.</p>
<p>Read also: <a href="https://captainaltcoin.com/kaspa-price-prediction-heres-why-kas-is-booming/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Price Prediction – Here’s Why KAS Is Booming</a></p>
<h2 class="wp-block-heading" id="strong-looking-ahead-strong"><strong>Looking Ahead</strong></h2>
<p>Despite the possibility of individual altcoins experiencing further minor drops, ParabolicPump maintains a bullish outlook. The analyst argues that the ETH/BTC chart indicates limited downside potential and upside opportunity.</p>
<p>ParabolicPump encourages investors not to be discouraged by recent market struggles. The analyst believes the best is yet to come, predicting an “epic” altseason in the months ahead.&nbsp;</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ethereum-eth-signals-bullish-breakout-against-bitcoin-btc-is-an-altseason-imminent/" rel="noopener noreferrer nofollow">Ethereum (ETH) Signals Bullish Breakout Against Bitcoin (BTC) – Is an Altseason Imminent?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum (ETH) Signals Bullish Breakout Against Bitcoin (BTC) – Is an Altseason Imminent?

Table of Contents

CaptainAltcoin

Other articles published on Jul 12, 2024

Goldman Sachs to Launch Three Tokenization Projects by Year-End

No enforcement against Binance USD [BUSD]: SEC’s decision, unpacked

Sei And The Graph Struggling For Attention While MoonBag Thrives With Lucrative Staking Rewards

Next-Level Crypto Investments: Tokens Poised to Skyrocket in July

Altcoins To Buy IMMEDIATELY & Sell Later For HUGE Profits!

Best Meme Coins: From 1,000,000% Gains to Strong Communities!

Join our free newsletter for daily crypto updates!