Starting in 2020, the Ethereum valuation against Bitcoin started a new trend; namely, a momentum shift from moving down over the macro-scale to moving upwards. Over the course of 2020, the ETH/BTC has slowly moved up, but not monotonically of course. While recently the ETH/BTC has dropped a bit, it is simply because of the continued test of Bitcoin against its 20 week moving average. Until Bitcoin starts moving sideways at a bullish price level above the 20 week MA, the ETH/BTC valuation will likely not become that bullish. Just remember to keep an eye on the macro-scale of the market cycle and to stay resolute on your goals for what you are wanting to accomplish this cycle. TA Video by Benjamin Cowen.
