Despite recent volatility by Bitcoin, Ethereum is still holding its ground. The ETH/BTC valuation continues to trend upwards week over week, definitively showing us the key momentum shift that started in January. We have discussed this move for a long time, and we need to remain pragmatic at the exact price path Ethereum will take. Nothing moves up monotonically, and despite the recent devaluation of ETH against USD, it still remains very strong against Bitcoin. The strength that Ethereum is showing against Bitcoin has not diminished just yet and could last a while longer. Of course, this ultimately depends on future Bitcoin volatility. TA Video by Benjamin Cowen.
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