We might be in store for a solid Ethereum run up in the next 2 – 4 weeks and here’s why**:
- Last May, the Ripple dominance line crossed over the Ethereum line and abruptly shot back down. This led to a sharp spike in Ethereum dominance over the next several weeks. I surmise that this was Ripple institutional pumpers pouring their profits into Ethereum as a long-term bet. (See #1 in chart below)
- Alt Coin Pump and Dump:
- Approx. 10 days ago, we had the same trend occur with Ripple surpassing ETH dominance (see #2 in chart below), but there is a key difference to call out. Alt coins were also being pumped at the same time causing enormous profits to early and institutional investors who have since dumped. I believe they will begin pouring this money back into the coins they trust (Ethereum, Bitcoin, and possibly Monero due to Bitcoin transaction backlog).