The last few weeks in the cryptocurrency asset class have been extremely volatile. The valuation of Ethereum has moved from $4400 all the way down to less than $2000 and back up to approximately $2800. With all this volatility, it makes us wonder: Where are we now in terms of the market cycle? In this video we take a look at the valuation of Ethereum against USD and Bitcoin and discuss the implications of a potential summer lull as we discussed for the last several months. Unless Bitcoin gets back above the 20W SMA, it is unlikely that Ethereum can go on an immediate rally to put in new all time highs. TA Video by Benjamin Cowen.
