Chris Burniske, former head of Ark Invest crypto division and analyst, shared a new bullish scenario for Ethereum (ETH).
Chris Burniske, on March 5, on his official Twitter account. in sharing, About Ethereum interesting made an analogy and included a new uptrend scenario. Burniske rising in February dollar index (DXY) a possible in case of fallBitcoin 25 thousand dollars He said he would retest and push to break that resistance.
Burniske Moreover ETH/BTC if the parity also supports the rise of Bitcoin Ethereum a new “firework tour” He said he was waiting.
For most of February, the dollar index and interest rates rose, but cryptocurrencies remained stable. If the dollar index starts to fall, Bitcoin may force $25,000 and if the ETH/BTC parity supports it, a new round of fireworks may occur.
The analyst recently ETH/BTC for parity a two-year consolidation phase then monthly waiting for break And with this slaughter altcoin rally He said it would trigger.
According to CoinGecko data, ETH, which has fallen by 0.1% in the last 24-hour period, is at the time of writing. from $1,571 is being traded.