Ethereum “Accumulation” Nears Liftoff Phase: What This Could Mean For Bitcoin

The conversation across crypto is no longer only about Bitcoin. Ethereum is the most important cryptocurrency to the ecosystem since the former’s creation, and has recently stolen the show. On the ETH versus BTC trading pair, the recent market structure resembles an accumulation pattern moments before the liftoff phase. If the pattern is accurate, a market cap “flippening” could soon become a narrative that rivals the story of digital gold itself. Ethereum, Bitcoin, And Disrupting Digital Finance During the year 2020 and with the onset of the pandemic, all things digital became far more important to the global ecosystem – and no more notably than in finance. Among the other reasons for digital assets to thrive in the 2020-forward economy, was due to the abundance of fiat value being added to the balance sheets of the US Fed. Gold in theory should thrive in such a situation, but instead the world has turned to Bitcoin and its altcoin brethren as the up and coming store of value. As important as this changing of the guard has been for crypto overall – and the fact it could not have been done without Bitcoin – it is Ethereum that is breaking on through to the mainstream. Related Reading | The Chart Pattern That Takes Ethereum To $10K At a price of $50,000 per coin, corporations and institutions are looking at BTC. They are also looking at Ethereum, but it is the network’s users minting NFTs or disrupt...