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.
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.
Alex DovbnyaThe 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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Yuri Molchan
Dan Burgin
Vladislav Sopov