There appears to be another convergence of moving averages on this chart which would indicate a spike. Given that BTC is at ATH right now, I'd expect it goes up and not down. ETH is, in my opinion, long overdue for a good run against BTC.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.