People think ETH will Under Preform BTC. I respectfully Disagree
Ethereum has provided great utility to the Crypto ecosystem. I am not here to school you on it, everyone can do their own research.
That being said, I believe that we are in the midst of a re-accumulation. The prior market cycle was cut short abruptly by Bitcoin's double top and Macro conditions. Without that anomaly, Ethereum was likely to test its all time highs against bitcoin.
Since then, almost all other altcoins fell to all time lows VS bitcoin. Ethereum has shown relative strength by holding its own, which is interesting.
The RSI (circled yellow) refused to go into oversold territory on the recent dump that I point to with an arrow.
If there was a time to go down, that was it.
A lot of FUD is appearing right now, which makes me believe ETH is in short supply and the move up begins shortly. We may be looking to right some wrongs after having our crypto cycle cut short.
Let the fun begin.
That being said, I believe that we are in the midst of a re-accumulation. The prior market cycle was cut short abruptly by Bitcoin's double top and Macro conditions. Without that anomaly, Ethereum was likely to test its all time highs against bitcoin.
Since then, almost all other altcoins fell to all time lows VS bitcoin. Ethereum has shown relative strength by holding its own, which is interesting.
The RSI (circled yellow) refused to go into oversold territory on the recent dump that I point to with an arrow.
If there was a time to go down, that was it.
A lot of FUD is appearing right now, which makes me believe ETH is in short supply and the move up begins shortly. We may be looking to right some wrongs after having our crypto cycle cut short.
Let the fun begin.
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