Since Bitcoin continues to flirt with price discovery mode day-in and day-out, the price of Ethereum has not managed to breakout against Bitcoin. We know that for the ETH/BTC ratio to rally, we would ideally like to see a relatively stable Bitcoin well below its prior ATH. In terms of the entire market cycle, I content that time is still on our side and that a $2k ETH later this cycle will likely seem relatively cheap. TA Video by Benjamin Cowen.
