Ethereum one-upped Bitcoin to close 13 consecutive daily green candles. Here’s what it means

Ethereum closes 13 successive daily green candles, making this the best run of form in its six-year history.
As with all things good, the upward price movement came to an end today as ETH dumped 5% within the early hours of Tuesday morning (GMT).
Nonetheless, a remarkable turnaround today still could extend this record to 14 days. Then again, a look at the RSI shows a sharp dive suggesting that forward market momentum has dissipated.
ETHUSD on TradingView.com
Ethereum outshines Bitcoin
Crypto sentiment has seen a significant reversal recently. Just two weeks ago, the Fear & Greed Index was reading extreme fear. Today, sentiment is neutral and has been for the past two days.
The road to recovery began as Bitcoin managing to regain $30,000. It since went on to post 10 consecutive daily green closes, culminating with a peak of $42,000 on Jul 30.
As the most paired cryptocurrency and the most well-known, Bitcoin is considered the “God market,” in that alts tend to follow its direct

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Źródło: https://cryptoslate.com/ethereum-one-upped-bitcoin-to-close-13-consecutive-daily-green-candles-heres-what-it-means/

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