Aeternity is primarily addressing the blockchain scalability issue by means of off-chain processing of smart contracts. State channels (which are lines of communication between the parties involved in a contract) tap the blockchain only for disagreement resolution and contract settlement, which contributes substantially to both chain throughput and transaction privacy. Due to these features, aeon might gain edge over ether and relatively appreciate on the long run.
On a less distant time horizon, closing values above the 9 EMA send a buy/don’t sell signal. The support level is in principle breached, so hoping for further upticks here, but don’t want to increase the position due to the overbought RSI.