Bitcoin is known for its parabolic movements to the upside; BTC’s infamous rally from $1,000 to $20,000 in 2017 was a clear parabola higher, marked by rapidly-increasing highs and an eventual blow-off top, which saw BTC correct 60% within weeks after the peak.Though, the cryptocurrency also trades parabolically to the downside. A prominent analyst recently…
Now up nearly 100% from the “Black Thursday” bottom, Ethereum remains approximately 90% below its all-time high established at the start of 2018 at $1,400. For some reason, the market doesn’t see as much relative value in the cryptocurrency as they did at the all-time high, when you could put ten ETH had the same…