ETH continues to hold the short term up trend against BTC. I've zoomed out on this chart to show what my long term thesis is for this relationship. We have been in a long consolidation pattern (triangle) which I'm viewing as a continuation pattern of the up trend for ETH over BTC. An approximate price target measure from the flag poll would see ETH being worth around 0.13BTC (almost double where we current sit). This just happens to also sit right on the 0.786 Fib line. Time will tell as we first need to see ETH break out of this consolidation to thee upside in a timely fashion.
