I expect ETHBTC to possible go up a bit more before the upcoming BTC and XMR leg down . Yes, when BTC and XMR both take a leg down, traders will hedge into alts and you can expect ETHBTC to go up a bit. I'm just saying I don't expect people to hedge as much into ETH as they will other Alt Coins. I could be wrong. This is simply my opinion. Mainly because I'm expecting ETHUSD to go down in collocation with BTCUSD.
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Is it possible ETHBTC can do a Double Breakout with a Double Throwback? Most certainly. We'll see which Alts the CG uses to further his plans within plans.