{"id":2765,"date":"2021-04-05T09:34:09","date_gmt":"2021-04-05T07:34:09","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=2765"},"modified":"2022-02-14T16:56:14","modified_gmt":"2022-02-14T14:56:14","slug":"bitcoin-and-ethereum-whats-the-connection","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/bitcoin-and-ethereum-whats-the-connection\/","title":{"rendered":"Bitcoin and Ethereum (What&rsquo;s the connection)"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/bitcoin-and-ethereum-whats-the-connection\/#The_trends_of_Bitcoin_and_Ethereum\" >The trends of Bitcoin and Ethereum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/bitcoin-and-ethereum-whats-the-connection\/#The_vision_of_the_experts\" >The vision of the experts<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"the-trends-of-bitcoin-and-ethereum\"><span class=\"ez-toc-section\" id=\"The_trends_of_Bitcoin_and_Ethereum\"><\/span>The trends of Bitcoin and Ethereum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethereum has once again tested the $2,000 level. Ethereum was last seen on this level at the beginning of March and it has been rising to hit it again with green candles all month but it hasn\u2019t hit it until the 2nd of April. It didn\u2019t really touch it but it is above $1,950. The bullish trend against the dollar that is forming as seen on Kraken is a sign that chances are it may break. In a case where the prices will not break $2k then the price is likely to close at an initial lower of $1,900 although it may hit the $1,880 previous support zone.<\/p>\n\n\n\n<p>Bitcoin has also been fighting to break the $60,000 level that it hit at the beginning of March. Bitcoin has also been struggling to hit the level but the effort has been unsuccessful.it has been moving $58,000 to $59,200. Looking at the trend on Kraken, if Bitcoin manages to break that resistance then it will be a strong uptrend. If that doesn\u2019t work Bitcoin will likely move towards lowers of $56,000.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"the-vision-of-the-experts\"><span class=\"ez-toc-section\" id=\"The_vision_of_the_experts\"><\/span>The vision of the experts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Dallas Maverick\u2019s Mark Cuban owner who is well known for his Bitcoin critics has appeared interested in ETH and he is also considering Bitcoin. He says last year people mentioned Bitcoin as a store of value but he preferred gold. But looking at Bitcoin\u2019s algorithmic scarcity he says its value is going up.<\/p>\n\n\n\n<p>On Ethereum Cuban said \u201cI have a lot of Ethereum as well. I wish I had bought it sooner, but I started buying it four years ago, simply because I think it\u2019s the closest we have to a true currency\u201d He sees ETH as a currency for exchange. He says he is all in for Bitcoin and Ethereum but he has not considered any other coin.<\/p>\n\n\n\n<p>It is notable that the first two coins are moving together. Both closed the first quarter bullish and they haven\u2019t stopped. They are both aiming at a resistance zone that they tested, went back and have been gaining the momentum to break. When Bitcoin is moving Ethereum follows suit. Could there be any relations between the two coins?<\/p>\n\n\n\n<div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"2765\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Bitcoin+and+Ethereum+%28What%27s+the+connection%29&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fbitcoin-and-ethereum-whats-the-connection%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Bitcoin+and+Ethereum+%28What%27s+the+connection%29&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fbitcoin-and-ethereum-whats-the-connection%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweetez<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fbitcoin-and-ethereum-whats-the-connection%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fbitcoin-and-ethereum-whats-the-connection%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Partagez<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fbitcoin-and-ethereum-whats-the-connection%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fbitcoin-and-ethereum-whats-the-connection%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Partagez<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fbitcoin-and-ethereum-whats-the-connection%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Enregistrer<\/span><\/span><\/span><\/span><\/a><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The trends of Bitcoin and Ethereum Ethereum has once again tested the $2,000 level. Ethereum was last seen on this level at the beginning of March and it has been rising to hit it again with green candles all month but it hasn\u2019t hit it until the 2nd of April. It didn\u2019t really touch &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bitcoin and Ethereum (What&rsquo;s the connection)\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/bitcoin-and-ethereum-whats-the-connection\/#more-2765\" aria-label=\"Plus sur Bitcoin and Ethereum (What&rsquo;s the connection)\">Lire plus<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-2765","post","type-post","status-publish","format-standard","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin and Ethereum (What&#039;s the connection) - 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