However, if the crypto ratings come out in a negative light, it could drive Bitcoin and many other coins down.
Glancing over ETH movement over the past week/month, tells me that ETH is on fairly strong footing, but is also affected slightly by negative BTC movement. This is telling me that ETH is gaining some traction, possibly due to the number of alts, ICO's and tokens based upon ETH.
Give it a few more days and let's see where this goes. Could be interesting.
Thanks for the comments @ronfkingswanson, I always like watching your charts, even if sometimes they go completely the opposite direction of my own. Keep me in check. :-)
All of this fighting and resistance for the past few weeks, feels like there will be a lot of pent up energy if we break the proper levels and this could easily lead us to some new ATH's.
If we don't begin moving back up, we'll see transitions happening, where other crypto currencies will begin to take over and possibly lead Bitcoin in overall market cap. Coins like ETH, NEO, EOS, etc.