0%
Blog Article Banner Image

Is the Ethereum “Flippening” Real?

For those unfamiliar, the coined term "flippening" alludes to the point in time when Ethereum (ETH) outpaces Bitcoin (BTC) in market capitalization. As of December 2, 2021, Ethereum market capitalization is less than 50% away from flipping Bitcoin.


Market Cap Comparison

According to CoinMarketCap data, Ethereum's market cap stands at over $557 billion versus $1.1 trillion Bitcoin's market cap. So based on this ETH price would only need to rise to approximately $9,000, while at the same time, Bitcoin price would need to remain unchanged for the flippening to really happen.

ETHBTC Chart Analysis

Following Bitcoin's April 2021 crash, the ETH/BTC chart has bottomed out, and the price of ETH has outperformed Bitcoin.

Here are three technical factors in favor of Ethereum:

  1. Currently, ETH/BTC price is in the process of breaking out of a rectangle pattern, which can see the ETH price soaring faster than Bitcoin's price.

  2. The golden crossover signal on the ETH/BTC weekly chart happens when the 50 moving average crosses above the 200 moving average. This is a powerful bullish signal.

  3. Ethereum is trading above its previous all-time high. Actually, ETH broke above $4,384 has successfully retested it, and the bulls managed to defend that level which is now acting as support from where prices are currently soaring.

Inbox Image

Newsletter

Get weekly updates on the newest design stories, case studies and tips right in your mailbox.

Related Articles

Bot Trading 101 | How To Apply a Scalping Strategy

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USTD As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 more tags

Cryptocurrencies | BTC vs. USTD As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Indicators?

Technical Analysis 101 | What Are the 4 Types of Indicators?

Bot Trading 101 | The 15 Best Trading Bot Tips
#crypto trading#trading bot#crypto trading tips+1 more tags

Bot Trading 101 | The 15 Best Trading Bot Tips

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app
©2017 - 2022 Copyright by Cryptohopper™ - All rights reserved.