Hey team,
As Bitcoin continues to rip faces as it reaches daily new all time highs, there's certainly a distinct lack of support/resistance zones outside of psychological round numbers.
With this in mind, today's analysis blog is a big picture comparison between Bitcoin and Ethereum, potentially highlighting just how undervalued ETH is at its current price.
Take a look at the two weekly charts one after the other.
BTC/USD Weekly:
ETH/USD weekly:
See what I'm talking about?
The single horizontal lines on each are the 2017 all time highs on each market.
What you can see is that Bitcoin has long since gone through that swing high resistance zone, while Ethereum continues to lag.
It's funny saying that ETH is lagging when it's still currently going all but vertical, but it certainly does show that there's potential for price to really kick on once more from here.
Honestly I love this comparison!
Best of probabilities to you,
Dane.
FOREX BROKR | LeoFinance Blog
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Bitcoin and Ethereum = The hottest 2021's cryptocurrency couple, haha!
Nice post, @forexbrokr.
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This decoupling shows there might have been some trouble in paradise.
But I think they're going to work things out in the end.
;)
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everything would be perfect with eth despite its rising good behavior ... if its transfer fees weren't so high today
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If only there was a truly decentralised network for developers to be able to build on that featured near instant transactions with zero fees...
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Nice comparison charting, both are having an impressive year, and I agree ETH seems to have great potential and a several dollar price seems likely in this market.
Hopefully us LEO investors within the community can tag along on ETH's success.
The two markets are going to somewhat move together with the addition of wLEO.
Exciting.
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What an interesting year we have ahead of us. Can't wait to see how it all unfolds.
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It's going to be a good one.
I can feel it in me bones!
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