Market Wrap: Analysts See Further Upside in Ether as Bitcoin Stalls

Posted on by American Coins & Gold

Market Wrap: Analysts See Further Upside in Ether as Bitcoin Stalls
Bitcoin has traded mostly sideways over the past two weeks, prompting some traders to consider alternative cryptocurrencies such as ether for greater profit potential.“Our models are still full risk-on ETH (whereas our bitcoin model started reducing exposure last week) but we are starting to see some slowing in conviction buying,” Ben McMillan, chief investment officer at quantitative research firm IDX Insights, wrote in a research report.BTC’s price has been roughly flat over the past week, compared with a 4% rise in ETH and a 23% rise in Solana’s SOL token over the same period.“Investors are likely looking for the next…