During the 2017 crypto bull run, Bitcoin skyrocketed to an all-time high of $20,000. Meanwhile, fever surrounding the ICO explosion also helped Ethereum reach its highest price ever at $1,400. In 2018, Bitcoin and Ethereum set lows of $3,150 and $80 respectively.
Since the lows were set, Bitcoin and other “large cap” or “major” altcoins such as Litecoin, Binance Coin, and more have recaptured much of that lost value. But for one reason or another, Etheruem has lagged behind compared to the rest of the crypto market. However, the 200EMA acting as resistance could be what’s causing the smart contract-focused cryptocurrency to underperform, and once that resistance is broken, Ethereum is expected to outperform Bitcoin twofold over the next 24 months with a face-melting, parabolic rally.