Tuesday, 9 February 2021

Ethereum: Loading up on rocket fuel

Just when it seemed like Ethereum was catalyzed for a sustained breakout, Bitcoin decided to take the reigns back. Of course we recognize that Bitcoin controls the market, but leveraging this information and the patterns that come about can be useful for timing key momentum shifts in the market. Now that Bitcoin volatility has increased, ETH/USD will likely hold up fairly well, but the ETH/BTC valuation is likely to decrease as long as Bitcoin remains in price discovery mode. TA Video by Benjamin Cowen.

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