Every time we get excited about a takeoff in Ethereum (ETH), it seems we get disappointed.

The crypto space needs Ethereum (ETH), and it needs Ethereum (ETH) vs. Bitcoin ( BTC ) to move up soon. We want to see the positive stochastics picture start to make a difference in ETHBTC.

Bottom Line: Ethereum still looks ok, but the rest of the crypto market trades poorly. Nobody wants to buy strength. So, we like Ethereum (ETH). That said, if ETH does not pull the rest of the market up with it - and soon - we are going back to neutral.

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/.