1) Ever since the bottom on 06/02/2018 you can see every single daily candle on ETHUSD (left) has replicated that of BTCUSD (right) (including ) to the T!
2) Furthermore, even though it happened ~1 month later, ETHUSDs bear trend followed roughly the same shape, wizardry? I think not! Fractals is all it is, which are very useful in anticipating future moves! (evidently)
Use this power wisely, it may bring great rewards.
3) So, as I anticipate BTCUSD to retrace here to intraday lows before continuing up to its downtrend line (see attached chart) I expect ETHUSD to follow the exact same pattern (mainly because it is structurally set up to make that retrace + continuation in addition to having the same structure as bitcoin ) up to its own downtrend line at 1023.
4) is also crossing on the daily primed for a long bull run, which may herald a prosperous increase for ETHUSD in the coming months! I will keep posting updates. (this is also the exact same as bitcoins )
Due to the widespread general awareness of Bitcoin / Ethereum as King and Queen of crypto (as their market caps reflect) they are naturally the most followed and traded. With this is the fact that they are both listed on Coinbase (and were the first two coins to be added) so whenever there are retail buyers flooding in, their first two picks are naturally bitcoin and ethereum 1) because they are the biggest 2) because they would be the most familiar as they are the most spoken about 3) they are the most adopted/time tested.
Also they are both being added to the robin hood trading app sometime this month which is hugely for them both.
For those reasons I see a future for bitcoin and ethereum where they are significantly positively (and negatively) correlated through all major market cycles.
Act now or hold your peace ever fourth.