According to a popular cryptocurrency analyst, Ethereum flashes a bullish sign that presages the rally in 2020.
Michael van de Poppe, who has 819.500 subscribers on X, tells them that stablecoin transactions have increased by 200% in the last 18 months, despite the fact Ethereum (ETH), which is down 30%, is up 30%.
“Prices usually don’t rise during the initial stage of growth.”
This is what $ETH did in 2019. The price of $ETH started following after a period when stablecoin transactions reached their peak.
According to him, there is no better time than now to look at Ethereum because historical data shows that the gap between its fair value and current price is huge.
– COVID crash in March 20.
– The peak of the bear market in December 2018.
This was a great opportunity to buy this asset.
Ethereum currently trades at $1,947.56, a decrease of 2.99% in the last 24 hours.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Ethereum (ETH), Flashing signal that preceded the 2020 bull run, according to analyst Michael van de Poppe could be updated as new information becomes available.
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