Ethereum Value In the present day – The 2021 Altcoin Tremendous Cycle Has Arrived, Says Nicholas Merten – Right here Are The 5 Property On His Radar | Fintech zoom

Ethereum Price Today – The 2021 altcoin super cycle has arrived, says Nicholas Merten – Here are the 5 assets on his radar

DataDash founder Nicholas Merten examines five crypto assets he believes are preparing for the outbreak when he says the 2021 altcoin super cycle is underway.

In a new video, Merten says he’s watching Ethereum closely after the second largest crypto asset breaks out of a major bullish pattern.

“We could see here that Ethereum has crossed the resistance line. We hit another higher low along with the other three higher lows we’ve had here since January (2021). We look like we’re on track to beat these all-time highs. “

The crypto strategist also deals with the ETH / BTC, which he highlights and which is still in the middle of a parabolic run. According to Mertens’ graphic, ETH / BTC can potentially increase by over 170% from its current value of 0.035 to 0.095.

Another coin on Mertens Radar is the Layer Two scaling solution OMG Network (OMG), formerly OmiseGo. The trader highlights that OMG / BTC has likely hit rock bottom and appears poised to hit important levels of resistance and print massive gains.

“After you’ve set another higher low, [OMG/BTC] waiting to reach the range of over 1,500 satoshis (0.000015). Once we get past there, which again was a previous support and now acts as a resistance, it seems like the sky is the limit, especially as we’ve seen it in the past. “

Next up is the decentralized oracle platform Chainlink (LINK), which, according to Merten, should outperform Bitcoin as soon as it is above a key level.

“Take a look at Chainlink and put a constant range low or constant support on the previous resistance. It looks like it is ready to step up, outperform Bitcoin and also break above this resistance level (0.0006) to really start the next cycle for Chainlink. ”

The fourth coin on Merten’s list is the Aave lending and lending protocol. The cryptanalyst believes the crypto asset will likely have bottomed out in almost two months after plummeting against Bitcoin.

“We had a clean 60% retreat here, where Aave, one of the large-cap DeFi (decentralized finance) protocols, probably has some room now to move up.”

The last coin is TRON (TRX / BTC). Merten identifies a key level that the pair must take out in order to create massive upward momentum.

“We have provided support and this previous support that is now acting as a resistance (0.0000015). If we go beyond that I can see a lot of momentum coming back to it.”


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Featured image: Shutterstock / Tithi Luadthong

Ethereum Price Today – The 2021 altcoin super cycle has arrived, says Nicholas Merten – Here are the 5 assets on his radar

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