Peter Brandt Believes that Ethereum Price’s Bullish Breakout Could Trigger a New Altcoin Season
Published in
1 min readJul 11, 2020
Popular trader Peter Brandt believes that Ether (ETH) saw a significant breakout in its ETH-BTC pair on July 9. According to the veteran trader, the breakout could be a signal that a new altcoin season could occur in the near-term.
The strong performance of alternative cryptocurrencies in recent weeks coincides with an Ether rally and the expectation that upcoming network upgrades will solve the scaling issues that plague the network during peak transaction phases.
In the past week Cardano (ADA), Kyber Network (KNC), Compound (COMP), and Chainlink (LINK) four major altcoins recorded substantial gains against the U.S. dollar, Bitcoin, and Ether.
