Ethereum is essentially waiting for further clarification from Bitcoin on the short-term direction of the cryptocurrency market. If Bitcoin holds the 20 day MA and stabilizes then we would likely see Ethereum rally and probably outperform Bitcoin. If Bitcoins falls to the 50 day MA, then Ethereum is in for a larger pullback taking the price further down to even more attractive levels for long-term investors. TA Video by Benjamin Cowen.
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