Here is why Ethereum’s ‘brutal stumble’ looks exactly like the start of the last bull run: Asia Morning Briefing

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Crypto markets enter the “Year of the Horse” looking less like a victory parade and more like a racehorse at the starting gate: muscles are tense after a long stumble.

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The ETH versus BTC chart, in particular, is drawing attention because it is beginning to resemble the same stride pattern seen before the last major crypto bull run.

The last time Gold topped, the following happened:

– $ETH bottomed 9 months prior.
– $ETH crashed by 30-40%.

This

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