Bitcoin held the 20 week moving average (MA) again causing many altcoins to move up against BTC. Ethereum has stayed relatively quiet, but we know it takes more confidence to move coins with larger market caps like ETH. A few months ago, ETH was actually one of the last coins to make a significant move. Ethererum is likely waiting for more confirmation from Bitcoin as to what it wants to do. A retest of the 20 week MA by BTC would spook the Ethereum bulls. However, if BTC moves up or even sideways, then the ETH bulls are more likely to return. TA Video by Benjamin Cowen.
