- Ethereum shows bullish pump indicators like the 2020 bull cycle.
- Another analyst points at ETH’s oversold RSI and suggests a positive rebound ahead.
- When will ETH set a new ATH and usher in the great peak altseason phase?
The latest dip in the price of BTC has not dampened the crypto market or its bullish hope for Bitcoin to go on to set much higher ATHs this bull cycle. In fact, the latest bullish indicators show that the BTC price chart is showing uncanny similarities to its bull cycle pump of 2017 pointing to major parabolic moves ahead.
This similar sentiment is extended to Ethereum as well. The pioneer altcoin asset has always, in every bull cycle, gone on to set a new ATH and lead altcoins into the peak phase of that cycle’s altseason. This cycle, ETH has yet to set an ATH and continues to show many bullish indicators also mimicking previous bull cycle patterns.
Ethereum Shows Bullish Pump Indicators from 2020
For instance, as we can see from the post above, Ethereum seems to be repeating the last 2020 setup. The analyst goes on to say that when ETH price catches up, the pump will be extraordinarily bullish. Many analysts have set $10,000 as a possible bull cycle top target for ETH, but perhaps it can go higher.
ETH Oversold RSI Suggests Rebound
Adding to the bullish expectation for Ethereum (ETH) is the prediction in the post above where research analysts are predicting that Ethereum will soon recover above $3,000 based on strong bullish indicators. One of which is that the asset’s oversold RSI points to a potential rebound in the near term.