Advertisements
Get Ignite
TRENDING
  • Submit Press Release
  • Our Team
  • Editorial Policy
  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Get Ignite

Bitcoin Halving 2020 could Positively Impact ETH Price

by John Keegan
in Crypto News
1 min read
eth price
13
SHARES
Share on FacebookShare on Twitter

The bitcoin halving 2020 event is due next week, and the crypto market is already gaining traction. The Bitcoin price has recently touched $10K that is the highest since it’s drastic fall in Feb this year. Along with price gain in BTC, the crypto community is wondering about the impact of this much-anticipated event on Ethereum, a second largest after Bitcoin in terms of market capitalization. While the Bitcoin price is expected to see a massive boost, the analysts have forecasted a positive potential impact on the price of other top digital currency along with ETH.

While the BTC price is gradually moving up, ETH is getting away from the green zone. This has surprised the crypto analysts as both cryptocurrencies have revealed a correlation in the price movement, especially during a rally. Nevertheless, the shorts of ETHUSD are losing currently, the technical analysis and the past trend has demonstrated an upward movement in the long term. The below analysis retains a bullish perspective and expects that the ETH price would explode in a long position.

eth price

Advertisements

Although ETH has not made a considerable gain since Feb 2020, the gradual increase and potential push by bitcoin halving event could lead ETH to break a major resistance of $250. if the ETH manage to break this resistance after the bitcoin halving event, the ETH price could touch $400 in next couple months.

get ignite
John Keegan

John is working as a professional news editor at GetIgnite. He is accustomed to finding daily reports. Therefore, this keen working and addiction towards his work, it helps him to find good news.

Advertisements
Share5Tweet3Send

Related Posts

Strike
Crypto News

Strike Launches the Lightning Payment across 200 countries

New kind of coronavirus hits Bitcoin move, 6% Down
Crypto News

New kind of coronavirus hits Bitcoin move, 6% Down

Bitcoin 23000
Crypto News

Bitcoin Price Set to Surpass Previous ATH, But When?

cryptoenter
Crypto News

Blockchain-based Ecosystem to Bridge Gap between Fiat and Crypto

coronacoin
Crypto News

Coronacoin: Another Crypto Scam or Initiative to fight Coronavirus?

brave together
Crypto News

Brave Together: A Blockchain-based alternative to Zoom Launched

Next Post
bitcoin halving impact on bitcoin price

Bitcoin Halving 2020 Completed: Here's what to expect head

About Us

At GetIgnite, We aim to bring impartial and accurate news and information about a wide range of topics within the Finance and Technology Field. We are a team of enthusiasts and professionals who work hard to produce a reliable piece of information. We cover a broad segment of the FinTech Industry and attempt to provide updates about changes taking place in this fast-paced world.

Contact Us

Email us at [email protected]

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial
Advertisements
  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Terms And Conditions
  • Use Of Cookies
  • Our Team
  • Submit Guest Post

© 2022 GetIgnite. All Rights Reserved.

  • Home
  • Crypto News
  • Finance News
  • Gaming News
  • Tech News
  • Tech Guides
  • Editorial

© 2022 GetIgnite. All Rights Reserved.