Ethereum has been holding up somewhat well as of late despite the weakness seen across the aggregated crypto sphere
Bitcoin’s slide to $30,000 has caused most major altcoins to tank, with ETH struggling to maintain the massive momentum it built over the past week
Because BTC is firmly leading the markets for the time being, where altcoins, including Ethereum, trend in the mid-term will undoubtedly depend on BTC
Its influence over the entire market has been unwavering and will likely remain so until it sees a consolidation phase or enters an uptrend once again
One analyst is admiring the strength ETH has seen in the face of this selloff, noting that this could be a good sign for its price once the market rebounds
Ethereum has been battling to break above its all-time highs throughout the past few days and weeks, with buyers and sellers both struggling to gain any serious control over its price action.
The crypto has largely been in a consolidation phase, with bulls defending the lower-$1,000 region while sellers continue guarding against a sustained break above its all-time highs.
Despite the selloff seen today, one analyst is now noting that Ethereum’s recent price action is still far prettier than that of Bitcoin, as it is showing “exceptional strength” due to its ability to print higher …