Nested H&S pattern
It's a H&S Party with Ethereum!
We are heading to 210 or 866. Currently we are sitting right between those numbers. I do lean a little bit bullish right now after my pre-H&S got invalidated, but it can still easily form a head (I redrew it).
Anyway, I'm like 55/45 bullish/bearish.
Some may like those odds and buy, but it's not worth it for me.
There is a resistance level at 0.88.
Ethereum can be 0.88 BTC and BTC could hit $10,000.
This would give Ethereum at 888, close enough to 866.
Right now, Ethereum needs to convincingly go above that first white box to continue the rally, if it goes below, it will go back to the H&S direction.
This is what I see now.
I do think it will lose a lot of what it's worth when some of the projects on Ethereum go their own path with their own blockchain.