Commodity trader Peter Brandt has tweeted that those who like that chart of Ethereum, the second-largest cryptocurrency, will also have to like the chart of e-car maker Tesla, pointing to some striking similarities between them.
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Similar charts $TSLA and $ETH
— Peter Brandt (@PeterLBrandt) August 2, 2021
If you like the chart of Ethereum, then you have to like the chart of Tesla pic.twitter.com/sjyRoAfVa0
The Ether price has been on a tear ahead of the hotly anticipated “London” hard fork that is scheduled to take place on Aug. 4. Bulls appear to be unfazed by a potential delay, with the flagship altcoin notching a record-breaking 12 days in the green.
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The shares of Tesla are also in the middle of an impressive rally, adding more than 10 percent over the past three trading sessions and surpassing the $700 level for the first time in three months. The ongoing recovery is fueled by the company’s impressive second-quarter earnings that were announced last week.
During the “B Word” conference, Tesla CEO Elon Musk revealed that Ether was part of his cryptocurrency portfolio.
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