ETH roadmap

ETH is close to breakout of weekly descending trendline. If that happens, it may continue growing to the top of the channel at 300. But it has such a negative momentum and bear trend, that I doubt it. Most probably get stuck within 280-290 range.

Week chart

If BTC for some, any reason, won't continue bullish reversal, ETH will continue falling towards 230.

Trade closed: stop reached:

Well, it didn't dipped to 230 (only to 246), but BTC also reversed a bit earlier than everyone expected. Now we have a bullish trend forming. I'll write about it somewhere else.