Thursday 10 June 2021

Ethereum: A Precarious Position

The price of Ethereum continues to remain in a somewhat precarious position as Bitcoin is still below its 20W SMA. While the price of Bitcoin had a fairly impressive rally today, the price of Ethereum somewhat lagged behind. The main question now is whether or not Bitcoin gets another pullback. If it does, it could at the very least cause Ethereum to go back to its own 20W SMA. TA Video by Benjamin Cowen.