Ethereum (ETH) vs. Bitcoin (BTC): Better Than We Hoped

The Crypto market is in the red today. There is one bright spot. Ethereum (ETH) is outperforming Bitcoin (BTC). With ETH trading well, ETHBTC is rallying above its 50-day moving average at 210.

We see this as very bullish for ETH and the entire crypto market. We see ETH heading higher to retest it's "previous 4th" wave vs. BTC. We see technical support for ETH at 185.

Bottom Line: If ETH continues to hold up, we cling to a belief that crypto markets can move higher.