Analysts: "If you missed the Bitcoin run you have a second chance with ETH"

26 Jun, 2019 | Updated: 26 Jun, 2019
by Will Heasman
Analysts: If you missed the Bitcoin run you have a second chance with ETH

With Bitcoin running into five figures, surpassing 12k with ease those who haven’t properly apportioned their bitcoin bags may feel slightly left out. However, according to a few analysts today, Ethereum may provide a second chance to those who missed the Bitcoin run…

While the idea of timing a market dip or even hoping for an all-out crash may work out a few times out of a hundred, it's not always a certain bet. In fact, there are likely many investors out there who have been waiting for a proposed dip since, for example, $8k, only to be completely destroyed by Bitcoins parabola.

However, fear not! Those among you who resonate with this FOMO could potentially have a similar opportunity within Ethereum (ETH) which hasn’t even scraped the water in terms of a retracement to its all-time highs.

Back in January of last year, ETH hit a high of $1420, as of right now it is approximately 76.5% off that target.

ETH/USD Chart provided by Tradingview

In comparison, Bitcoin is only 40% down from its all-time high of around $20k. So can/will ETH catch up?

According to analysts, the answer is a definitive, ‘yes’.

One such analyst known as Alunaut cited a fractal from ETHs impressive 2018 price run which seemed to line up almost perfectly with its current action, alluding to the fact that if ETH breaks its current resistance, it may just skyrocket:

Another analyzed, known as Bleeding Crypto, also noted this “second chance,” suggesting that ETH has outperformed BTC in its return on investments year on year:

Tulips de’ Medici, took this slightly further suggesting that due to Bitcoins rise altseason may soon occur, beginning with ETH:

What do you think? Is ETH going to provide a ‘second chance’ for those who missed out on Bitcoin? Let us know what you think in the comments!

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Can ETH catch up to its previous all time high?

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