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The post Here’s When Cardano Price (ADA) & Ethereum (ETH) will Skyrocket! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

As investors wait for a catalyst, the Cardano price remains mostly stagnant. ADA is currently trading at $1.5817, the same price range as it has been for the past few days. 

This present consolidation is likely for the handle formation on the ADA price chart, which has been creating a cup and handle pattern. This pattern usually indicates that the bullish trend will continue

Now, as for Ethereum, In recent months, this token has outpaced Bitcoin, gaining more than 70% while Bitcoin’s profit ratio remains at 10%. The price of ETH is currently $2562.32, up 1.5 percent in the previous 24 hours.

Ethereum (ETH) & Cardano (ADA) Price to breakout once BTC hits low

A popular analyst and trader, Michael Van De Poppe, revealed what would trigger Cardano and Ethereum to breakout. de Poppe on Twitter says, despite the crypto markets’ less-than-ideal appearance, altcoins are still in a consolidation phase against Bitcoin.

According to him, after Bitcoin reaches a bottom, Ethereum (ETH) and Cardano (ADA) will soar to new 2021 highs.

In a tweet he also says, ADA/BTC is striving to reach a new yearly high of 0.000062, which would represent a 34.7% increase from its current price of 0.000046.

“Cardano doesn’t care and is ready for new yearly highs on the Bitcoin pair.”

The trader has also put out his two cents about the movement of the broader crypto market. He says that sentiment in the larger crypto markets is extremely negative. However, he believes that this is a bullish indication.

2 thoughts on “Here’s When Cardano Price (ADA) & Ethereum (ETH) will Skyrocket!

  1. I always keep some crypto on the exchanges for some trading here and there. Well yesterday I decided just to take it all off and put it away in my hardware. How many of you have done this?

    I see it getting “crazy” out there and things are more unpredictable than ever. Even Coinbase is acting weird. I am a crypto veteran of 10+ years, so I suggest you guys think about it as well. If you haven't, get a hardware wallet and get your crypto out of any of these online wallets, blockfi's, and exchanges.

    I will just wait it out.

  2. Please note, multiple people have reported getting a text from KuCoin saying a transaction has been initiated on their account and to click a link if the transaction was not done by the person receiving the text. The text is not actually from KuCoin. Don't click it.

    Obviously we get scam emails and messages all the time but can't hurt to share. Yesterday I got a scam phone call from a person claiming to be from Amazon fraud to verify I authorized the purchase of an Apple product costing over $1,000.00. I hung up and checked my credit card statement and my Amazon accounts. Nothing ordered, no charges pending. Was a total scam to get my info.

    Be safe. Hopefully we'll see a green weekend. And let's get through the weekend without another hack.

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