Sunday 4 April 2021

Ethereum: An Important Weekly Close

If the price of Etheruem holds the current levels, it will not only be the highest weekly close ever, but also a close above the ETH/BTC 20 week SMA (assuming BTC does not rally). Historically, closes above the 20 week SMA for the ETH/BTC valuation tend to continue the rally. With a relatively stable Bitcoin, it seems that time remains on Ethereum's side. TA Video by Benjamin Cowen.