Technician’s Take: ETH Outperforms Bitcoin, Reaches Breakout
- Ethereum’s breakout is just beginning.
- Wait-and-see stance for now.
As flagged in recent notes, Ethereum has been setting up to outperform Bitcoin for several weeks now. We now have the breakout as the spread moves up through the downtrend line from early February. For now best return on crypto is Ethereum.
Short note today as we adopt a wait-and-see stance on whether the absolute price breaks out in both sides of the ratio.