Peter Brandt has announced two signs of bull season!
Is the uptrend that started with Ethereum last week the signal flare of “bull season” for the entire crypto space? How do we know when we are in bull season? Peter Brandt gave his tips.
Peter Brandt revealed two signs of bull season!
Ethereum’s activities in DeFi are running from heights to heights with the NFT frenzy and the expected EIP-1559 update in July.
Ethereum is also accepted in the corporate space, the agreement with VISA, EIB’ The 100 million euro bond and the launch of CME Ethereum futures are pumping the leading altcoin.
However, the picture that has emerged in recent days is quite different from the past.. Historically, Ethereum always follows Bitcoin, when it rises, it rises, when it rises, it falls.. However, ETH caught its latest ATH peaks while BTC was in the correction phase.
Messari analyst Mira Christanto said that on the daily chart, there is a negative correlation of 4% and 7% between ETH and BTC, respectively, representing “the beginning of a new phase”.
So are we really in bull season? How do we know we’re in bull season?
Peter Brandt gave his clues.
Two signs we’re in bull season
Veteran trader Peter Bandt, veteran analyst in the securities and crypto space that;
You know you are in a big bull market if you find yourself saying:
“Very good” I sold it early!!”
“If ………….. [if I had bought, hadn’t sold] I would have been a millionaire!!”
Not giving credit to Peter Brandt at this point not possible. Maybe we’ve been saying this to ourselves a lot lately.
At a time when Ethereum is shining like a star, I think we are in the middle of a pretty big bull market.
Live ETH price: $ 1,095.64
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