Winter is coming: Ethereum vs Bitcoin

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Ether could continue underperforming bitcoin in the next month or so - but the technical picture indicates a rotation of capital into Ethereum is near.
Uwaga
Closed above the trend line on the daily for Ethereum. Let's see how the weekly close plays out at the end of Friday.

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Uwaga
Potential breakout from channel

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Institutions are getting involved in Ethereum right now on a big scale
Uwaga
We are nearly in the ~80% depreciation level now. The last two major drops reversed on the 4th week of December.
Uwaga
Major reversal is underway
Uwaga
Merry Christmas/Happy Holiday's. It is fair to say we have definitely put in a reversal.
Uwaga
Like Bitcoin, Ethereum has gone parabolic. May be important to watch this parabola. I've been of the opinion that Ethereum hits $3000 by 1st or second quarter this year. At some point this rotation will change... snapshot
Uwaga
Approaching small support. If broken look for 'sweet spot' to add (purple)

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Uwaga
Some resistance is approaching. Based on what I am seeing there is a flight out of altcoins and bitcoin and flowing into ethereum. There could now be a flight out of ethereum and into fiat, rather than into bitcoin.

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