BitcoinLong
Expect ETHEREUM to start outperforming BITCOIN
On this analysis we compare Bitcoin's last two Cycles to Ethereum's.
The recent underperformance of ETH against BTC has got many worried but in our view, there is no reason for concern.
This 'lagging' is something ETH did on its previous Cycle as well. While Bitcoin already broke to a new ATH in December 2020, Ethereum was still significantly under it.
Once the break out happened, ETH outperformed BTC by double the rise to the Cycle's Top (+789% against +337%).
As Ethereum is once more lagging but it is holding its 1week MA50, we expect to start outperforming Bitcoin again, which is leading with a break out.
In our view the time to move to the 'undervalued' Ethereum is now.
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The recent underperformance of ETH against BTC has got many worried but in our view, there is no reason for concern.
This 'lagging' is something ETH did on its previous Cycle as well. While Bitcoin already broke to a new ATH in December 2020, Ethereum was still significantly under it.
Once the break out happened, ETH outperformed BTC by double the rise to the Cycle's Top (+789% against +337%).
As Ethereum is once more lagging but it is holding its 1week MA50, we expect to start outperforming Bitcoin again, which is leading with a break out.
In our view the time to move to the 'undervalued' Ethereum is now.
Follow us, like the idea and leave a comment below!!
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TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.