Blocksmith Says: ETH to Outperform BTC

28 June 2022

Simple uncluttered note today while we wait for crypto’s absolute price to settle and show us what its made of.. On 24 June the Ethereum-Bitcoin spread broke out from its April down channel. As a matter of fact it also jumped free of a longer shallower channel going back to December 2021. 

Not only that but the hard news driven real down gap of 13 June has now been closed and we have seen a very constructive bullish divergence sequence in RSI. 

Preferred view is for Ethereum to continue outperforming.

Christopher Grafton
Christopher Grafton

Chris has been working in the markets for over 15 years variously as a broker, analyst and researcher. He is the author of a well-known book on Hurst cycles analysis, and runs his own market analysis software platform on Bloomberg. He’s also a keen student of both the cello and Brazilian Jiujitsu.

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