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Winter is coming: Ethereum vs Bitcoin

מעודכן
Ether could continue underperforming bitcoin in the next month or so - but the technical picture indicates a rotation of capital into Ethereum is near.
הערה
Closed above the trend line on the daily for Ethereum. Let's see how the weekly close plays out at the end of Friday.

תמונת-בזק
הערה
Potential breakout from channel

תמונת-בזק

Institutions are getting involved in Ethereum right now on a big scale
הערה
We are nearly in the ~80% depreciation level now. The last two major drops reversed on the 4th week of December.
הערה
Major reversal is underway
הערה
Merry Christmas/Happy Holiday's. It is fair to say we have definitely put in a reversal.
הערה
Like Bitcoin, Ethereum has gone parabolic. May be important to watch this parabola. I've been of the opinion that Ethereum hits $3000 by 1st or second quarter this year. At some point this rotation will change... תמונת-בזק
הערה
Approaching small support. If broken look for 'sweet spot' to add (purple)

תמונת-בזק
הערה
Some resistance is approaching. Based on what I am seeing there is a flight out of altcoins and bitcoin and flowing into ethereum. There could now be a flight out of ethereum and into fiat, rather than into bitcoin.

תמונת-בזק
BTCUSDcryptoETHBTCETHUSDLTCUSDTrend Analysis

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