Popular Crypto Analyst: Ethereum Will Soon Start One Of The Biggest Bull Markets Run
- Cryptographic analyst Mustach thinks that Ethereum is likely to run one of the largest bull markets rapidly
- Taking the price movement track of Ethereum in 2016-2017 as an example, Moustache basically compares the current price mode of Ethereum with the historical price query data in 2016-2018
The recent bear market of the crypto sales market has caused several crypto analysts to forecast and analyze many things. However, according to Moustache, a well-known login password analyst, Ethereum is likely to quickly lead to one of the largest bull markets in the history of login passwords.
Can Ethereum run Daniel Market?
Although the entire crypto sales market is now going through a long bear market in the stock market, the crypto analyst Mustach added new expectations for ETH advocates on Twitter. Cryptographic analysts believe that Ethereum is likely to quickly gradually become the largest bull market.
Moustache stressed that the current market price of Ethereum is very similar to the previous price trend of Ethereum from 2016 to 2017.
Then, Hu Xu compared the price mode of Ethereum from 2021 to 2022 with the historical price query track of Ethereum in 2016 and 2017 to reveal that this should be the initial indicator value of the upcoming bull market of Ethereum.
"Ethereum will quickly run one of the largest bull markets in cryptocurrency in history." Mustash wrote on Twitter
In addition, other indicators also indicate that ETH will be active in price theme activities in the coming weeks. According to the information given by Delphi Digital, the supply of Ethereum in commodity circulation decreased by 4000 in two days.
The decrease in the supply of cryptocurrency generally indicates that its ease of use for the public is rare, which may have the most basic effect of supporting its price in the near future. The decrease of ETH commodity circulation supply is called a good sign of cryptocurrency, which is conducive to Ethereum to improve its price threshold at this stage
In addition, according to the blog post uploaded by Kaiko, Ethereum's interest in opening up to the outside world of Binance reached the highest value in history, which is called another sign of Ethereum's rise.
The blogger added: "BTC and Ethereum's interest in opening to the outside world of Binance, the largest derivatives exchange, has risen to a new historical high, which shows that although there is constant uncertainty, the new capital operation has exceeded the time limit to encrypt the sales market."
In addition, according to the information released by the chain store measurement service platform Glassnode, the total number of new Ethereum addresses reached a 10 month high of 5044.161. The increase of ETH address only means that customers still have interests and hobbies to gradually explore ETH, which means that ETH will quickly establish its price advantage in the encryption sales market industry.