Ether could continue underperforming bitcoin in the next month or so - but the technical picture indicates a rotation of capital into Ethereum is near.
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Closed above the trend line on the daily for Ethereum. Let's see how the weekly close plays out at the end of Friday.
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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
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We are nearly in the ~80% depreciation level now. The last two major drops reversed on the 4th week of December.
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Major reversal is underway
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Merry Christmas/Happy Holiday's. It is fair to say we have definitely put in a reversal.
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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...
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Approaching small support. If broken look for 'sweet spot' to add (purple)
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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.