Bitcoin's $45,000 Milestone Has Been Dubbed The Major Turnaround By John Bollinger

The risk-off mentality has dominated the crypto market’s price behavior, with the top cryptocurrency down 11% against Bitcoin in 2022. In 2021, Ethereum had massive growth, with the ETH/BTC pair increasing 403 percent. The cryptocurrency benefited from the year’s Cambrian boom of non-fungible tokens (NFTs), which dominated news headlines.

Bollinger believes that $3,200 represents a significant shift for Ethereum, the second-largest cryptocurrency. Earlier today, the flagship altcoin on the Coinbase exchange hit $3,195, its highest level since February 10, before losing ground to bitcoin. The cryptocurrency is currently in the red, trading just above the $3,100 mark.

On the Bitstamp platform earlier today, crypto king touched a high of $45,137, its highest price since March 2. However, the cryptocurrency has already lost the majority of its gains and is now trading at $44,200. In the last 24 hours, Bitcoin has gained roughly 9%.

It’s Time to Pay Attention to Bitcoin and Ethereum, according to financial analyst John Bollinger. In a recent tweet, John Bollinger, a trader, and financial expert argues that $45,000 represents a critical pivot for bitcoin, the world’s most popular cryptocurrency.

In The Last 24 Hours, Bitcoin Has Gained Roughly 9%

On the Bitstamp platform earlier today, crypto king touched a high of $45,137, its highest price since March 2. However, the cryptocurrency has already lost the majority of its gains and is now trading at $44,200. In the last 24 hours, Bitcoin has gained roughly 9%.

In the meanwhile, Bollinger believes that $3,200 represents a significant shift for Ethereum, the second-largest cryptocurrency. Earlier today, the flagship altcoin on the Coinbase exchange hit $3,195, its highest level since February 10, before losing ground to bitcoin. The cryptocurrency is currently in the red, trading just above the $3,100 mark.

The Top Cryptocurrency Down 11% Against Bitcoin

Bollinger believes Ethereum will lead the future surge, and he advises his followers to keep an eye on it. The risk-off mentality has dominated the crypto market’s price behavior, with the top cryptocurrency down 11% against Bitcoin in 2022. In 2021, Ethereum had massive growth, with the ETH/BTC pair increasing 403 percent. The cryptocurrency benefited from the year’s Cambrian boom of non-fungible tokens (NFTs), which dominated news headlines.

Despite the fact that Ethereum has underperformed so far in 2022, many analysts believe it will steal the show ahead of the much-anticipated upgrade, known as a merge, which is expected to happen this summer. According to research by U.Today, after switching to a proof-of-stake system, the second-largest blockchain is predicted to use 99.95 percent less energy. It remains to be seen whether Ethereum can overtake Bitcoin in terms of market capitalization.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing