Bitcoin has been getting all the attention recently as it has doubled in price since early April. The big move has shifted total market capitalization over $250 billion for the first time in ten months. Ethereum has been a little slow to catch up but it has finally done so and is now approaching a critical point. Which way will ETH go?
ETH has been in a steady uptrend for the past four months, over doubling from a February low of just over $100 to its current price. It did stall at around $170 for the best part of April, however, as Bitcoin roared away with all the gains, increasing its dominance to a 17 month high of 60 percent.