Part 1/4:
Ethereum's Resurgence: A Massive Wealth Transfer Awaits
Despite the recent struggles of Ethereum, many have prematurely declared the cryptocurrency as "dead." However, one analyst remains steadfast in his belief that a massive Ethereum wealth transfer is on the horizon, as the blockchain network prepares to rise from the ashes once again.
The Giant eBTC Wedge Pattern
The analyst begins by examining the Ethereum-Bitcoin (eBTC) chart, which reveals a significant wedge pattern that has been forming since 2016. This pattern suggests that a major breakout is imminent, and the analyst believes that this breakout is likely to occur in January 2023.
Historically, the first quarter of the year has been the best performing period for Ethereum, with an average gain of 92% compared to Bitcoin's 56%. Even in the last halving year (2020), Ethereum outperformed Bitcoin in the post-halving period, with a 160% gain in Q1 compared to Bitcoin's 100%.
The Ethereum Ecosystem
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