Can You Smell the Ether?
The relentless rise of Bitcoin has captured the headlines; at the same time, Etherium has been in the background similarly storming its way to new highs. It's also actually been the stronger performer on a percentage basis. While Bitcoin is up nearly 1,900% year to date, Etherium has risen 5,269%.
A thrust from a triangle pattern in early November has carried prices to within the $500 mark, a move of nearly 60%. Our view is that it should carry above $500 soon, as part of an incomplete bull market advance begun in 2015.
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