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.
Advertisement
Advertisement
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.
Mon, 08/02/2021 - 15:52
Ripple CEO Brad Garlinghouse Seeking Docs from Binance
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.
Morning Crypto Report: XRP to Dethrone Ethereum in 2026? Dogecoin Prints Abnormal $0 as Bears Disappear, Cardano Sees 157.6% Spike in 'New ADA' Trading
Ripple CEO Celebrates Impressive XRP ETF Milestone
XRP Urgent Alert Issued, Critical SHIB Price Level Revealed to Bulls, Solana Volume Rockets 40% Amid Golden Cross Setup — Crypto News Digest
Crypto Market Prediction: This Is What Saves XRP From Crashing to Zero, Three Ethereum Levels to Watch After $3,000, Is Shiba Inu Bull Market Bounce Starting Now?
Dan Burgin
Vladislav Sopov
U.Today Editorial Team