The Ethereum tsunami has taken many people by surprise, but we speculated that this phase of the market cycle was coming. Essentially, we reach a phase where the narratives of Ethereum killers are spent and Ethereum soaks back up a lot of profits. We know that Ethereum has had some crazy price action recently, with the price being as low as approximately $2k just two weeks ago. Now that we have moved up to $3400, where does the Ethereum tsunami currently stand? In this video we talk about the importance of the upcoming weekly close. TA Video by Benjamin Cowen.
