We remember being immensely disappointed near the lows as to how ETH was performing. In retrospect, we realize that we should have "faded ourselves" because the recent bottom in ETHBTC could be a significant bottom.

Looking at the wave structure, the recent decline looks like a simple A-B-C correction. To us, this could set up a more substantial move. This move could be way more significant than people expect.

Bottom Line: We think today's ETH outperformance is only the start of a much bigger move.

DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice.  The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here: https://blog.tokenmetrics.com/disclosures/.