$ETH is back in business

Whales are loading up $ETH like there's no tomorrow

I don’t know if this is true, but we’re seeing the following two things play out on the charts:

1. Increased volumes in general

Since May 8th, ETH’s volumes have been elevated relative to the past several months.

Buyers and sellers are back to trading this asset.

2. Divergent Strength Against Bitcoin

ETH has held up better on a percentage basis against $BTC, since the latter’s fall from its ATHs.

So here’s my theory.

$ETH right one is a great asymmetric long trade, assuming Bitcoin either ranges sideways or goes up.