Ethereum is still on this path of two steps forward, one step back. Remember every time Bitcoin dumps in the short-term, Ethereum will have a knee-jerk reaction to it. But all it takes is Bitcoin moving sideways again, well above the 20 week MA for the Ethereum bulls to continue the rally. We take a look at the Ethereum moves in lieu of what Bitcoin is doing and the Bitcoin dominance. As long as Bitcoin does not capitulate or go back into price discovery mode, Ethereum's valuation against Bitcoin will likely continue to systematically climb. TA Video by Benjamin Cowen.
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