Ethereum is ten times more profitable for investors than Bitcoin in 2020
Since the beginning of this year, Ethereum investors have made almost ten times more than Bitcoin holders. In the past four months, Ethereum has risen in price by more than 55%, while Bitcoin has risen by only 6% over the same period.
At the time of writing, ETH/USD is trading at $194.70. A short-term upward trend has been formed on the chart of the cryptocurrency. There is every reason to believe that the growth of the coin will continue for at least several more days.
The Wale Alert Twitter bot, large cryptocurrency investors known as whales transferred over 1.2 million ETH coins in eight transactions worth $241 774 447 in the recent 20 hours. That is, large Ethereum holders are very optimistic about the future: investors expect the asset to rise in price soon.
ETH/USD is currently above daily SMA100. This means that in the short term the initiative is in the hands of the bulls. After the level of $190 has turned from resistance to support, Ethereum may well storm new heights. Judging by the chart, the nearest target for the asset movement will be SMA200 at $250.
If you need more ETH to trade it on exchanges, join our fair crypto lotto Ethex.bet!
