We look upon the Ethereum (ETH) chart and it's depressing. Bitcoin ( BTC ) make moves 40%. ETH is at 182.

It almost makes us lose enthusiasm for the crypto space. Almost.

However, we are keeping our perspective. ETH has time to catch up or even rally on its own assuming this crypto rally is real.

Bottom Line: The 200-day moving average in Bitcoin ( BTC ) futures is down at 7500. The 200-day moving average is at 214. Assuming a stable market, it's hard to see a world where ETH can't get to at least the 200-DMA.

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/.