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ETHEREUM 👨🎤 👩🏫 Ethereum’s price action has underperformed that of Bitcoin as of late, which is a common trend amongst all the major altcoins There’s no question that BTC’s ongoing rally is creating some tailwinds for altcoins, although it has not been enough to spark any parabolic ETH movement This has caused the cryptocurrency to flash some major signs of weakness against its Bitcoin trading pair, which is now sitting within a key long-term demand zone One analyst is referring to this as the “final” demand zone for the crypto, which may mean that it will begin building momentum from here Ethereum has seen relatively lackluster price action over the past few days despite Bitcoin’s massive momentum.
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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.