Shibetoshi Nakamoto shared charts showing Bitcoin and Dogecoin riding a green wave, while Ethereum is sinking into the red zone.
However, since then, ETH has dropped twice to the $3,080 area and is currently changing hands at $3,127 per coin.
Unlike Ethereum, the flagship cryptocurrency, Bitcoin, has been showing a clear rising trend over the same recent period. It features highs and lows but overall rose by 7.13% by Tuesday to hit $93,975. By now, the pioneer crypto has rolled back a little and is trading at $93,308.
As for Dogecoin, between Sunday and Tuesday, the iconic meme cryptocurrency showed an increase of nearly 21%, soaring from $0.34 to the $0.42 local high. The pullback printed by DOGE by now constitutes 6.59%, and the meme coin is trading at $0.39243.
Looking at Ethereum’s weaker price performance compared to Bitcoin and Dogecoin, Markus criticized Vitalik Buterin’s brainchild, saying: “Is Ethereum retarded or something?”
The analyst pointed out that whales have purchased more than $1.4 billion worth of Ethereum in the past few weeks, preparing for that potential surge.
Martinez tweeted that Ethereum is currently forming an ascending parallel channel, suggesting that ETH is targeting the middle and then the upper boundary of it, which sit at $4,000 and $6,000.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
