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.
הערה:
Potential breakout from channel
Institutions are getting involved in Ethereum right now on a big scale
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...
הערה:
Approaching small support. If broken look for 'sweet spot' to add (purple)
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.