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Ethereum course (ETH) will grow faster than Bitcoin (BTC) in 2020

Published by Aeon Flux on November 22, 2020
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While Ethereum (ETH) can form a new annual high and thus outperform Bitcoin in a year-on-year comparison, Ripple (XRP) has also entered a bullish price rally. Only IOTA (MIOTA) is still not moving and is trading within its sideways range.Rate : $ 506.27 (Previous week: $ 464.31)Resistors / Targets: $ 488, $ 515, $ 549, $ 608, $ 678, $ 720, $ 841Price analysis based on the value pair ETH / USD on BitfinexEther price reaches new high at 502 US dollars.$ 440 area now as strong support.$ 515 first major bullish price target.The development of the ether price is to be rated very bullish. Ethereum was able to stabilize above $ 440 this trading week and can build a new annual high at $ 503 this Friday morning. This increases the chances of a subsequent rise towards the first price target at $ 515. A comparison of the 52-week performance of Bitcoin and Ethereum shows that the Ether price has even outperformed the reserve currency and also offers higher price potential for the coming weeks and months.If the bulls manage to stabilize the ether price above 488 US dollars in the next few days, the first target price at 515 US dollars should be reached soon. If investors can generate enough purchasing power, the price will likely rise to the 61st Fibonacci retracement at $ 550. If the ether price can dynamically overcome this important resistance, a march through to the resist area between 608 US dollars and 630 US dollars must be planned. If the overall market continues to develop bullishly, an increase to the 78th Fibonacci retracement at 678 US dollars is also conceivable in the coming weeks. In the medium term, the overarching price target of $ 720 is moving into the focus of investors.The last…

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