ETH/BTC - BTC first, ETH next?
BTC leads, the rest follows?
This is ETH against BTC, not USD!
So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough.
Going by this projection though and assuming at least a stable BTC at the current levels (midterm), that would put ETH significantly higher in USD value from the current price of 3.7k.
This is ETH against BTC, not USD!
So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough.
Going by this projection though and assuming at least a stable BTC at the current levels (midterm), that would put ETH significantly higher in USD value from the current price of 3.7k.
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Still the orange path, now with a hit of the lower channel bound (in log) right at the 61.8 retracement level.
Comes with some noteworthy bullish RSI divergence on the weekly.
Comes with some noteworthy bullish RSI divergence on the weekly.
Nice reaction there, though too early to call. Always a chance for another sweep of the lows.
ETH/USDT is looking interesting too though: