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ETHEREUM 👨🎤 👩🏫
Ethereum’s price action has underperformed that of Bitcoin as of late, which is a common trend amongst all the major altcoins
There’s no question that BTC’s ongoing rally is creating some tailwinds for altcoins, although it has not been enough to spark any parabolic ETH movement
This has caused the cryptocurrency to flash some major signs of weakness against its Bitcoin trading pair, which is now sitting within a key long-term demand zone
One analyst is referring to this as the “final” demand zone for the crypto, which may mean that it will begin building momentum from here
Ethereum has seen relatively lackluster price action over the past few days despite Bitcoin’s massive momentum.
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Most analysts seem to believe that it will eventually gain enough momentum to match Bitcoin’s gains and exceed them.
