Ether could continue underperforming bitcoin in the next month or so - but the technical picture indicates a rotation of capital into Ethereum is near.
Note
Closed above the trend line on the daily for Ethereum. Let's see how the weekly close plays out at the end of Friday.Note
Potential breakout from channelInstitutions are getting involved in Ethereum right now on a big scale
Note
We are nearly in the ~80% depreciation level now. The last two major drops reversed on the 4th week of December.Note
Major reversal is underwayNote
Merry Christmas/Happy Holiday's. It is fair to say we have definitely put in a reversal.Note
Like Bitcoin, Ethereum has gone parabolic. May be important to watch this parabola. I've been of the opinion that Ethereum hits $3000 by 1st or second quarter this year. At some point this rotation will change... Note
Approaching small support. If broken look for 'sweet spot' to add (purple)Note
Some resistance is approaching. Based on what I am seeing there is a flight out of altcoins and bitcoin and flowing into ethereum. There could now be a flight out of ethereum and into fiat, rather than into bitcoin. 
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.
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.