Chart of the Day - Wednesday, October 21st, 2020

Today’s Chart of the Day was shared on Twitter by Steve Strazza (@sstrazza). It's a chart of Ethereum over the past four years. Things are starting to get interesting in the crypto world. Last week, we highlighted the ongoing breakout in Bitcoin. Since then, Bitcoin has climbed more than 10% and is currently trading just shy of $13,000. If you missed that breakout, Steve points out that Ethereum could be a better trade than Bitcoin at current levels. In a comment to The Chart Report, Steve said, "If I had to choose between Bitcoin and Ethereum here, I'd go with Ethereum. The risk/reward profile is far more attractive, and it has significantly outperformed Bitcoin over the past year or so. As long as it's above $360, the bias is to the upside."