Monday 28 December 2020

Ethereum trend reversal - Way too early to call

Ethereum has had a fairly decent day, finally gaining a small amount of valuation back against Bitcoin. Of course, this is way too early to celebrate a trend reversal as we know that Bitcoin reserves the right to reclaim any bullishness from the cryptocurrency market essentially whenever it wants to do so. We would like to see a sustained trend reversal of the ETH/BTC valuation as we head into Q1 to further justify holding higher risk assets. TA Video by Benjamin Cowen.