According to Bloomberg senior commodity strategist Mike McGlone, Ethereum is steadily moving up, eyeing Bitcoin’s market cap and the flagship cryptocurrency itself is much more likely to continue moving toward $100,000 than to consolidate below $20,000.
“Number two Ethereum is rapidly moving toward number one market-cap status and has been a top driver of the Bloomberg Galaxy Crypto Index in 2021. Bitcoin is more likely to resume appreciating toward $100,000 resistance rather than sustaining below $20,000.”
