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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