Watching ETHBTC is basically a hobby for me at this point and a pleasant use of my time. BTC stood out today but a look at ETHBTC still has my bias towards ETH in the long run. Price action continues to sett higher highs and higher lows in this channel and if the channel support is confirmed after such a violent move I think it will give both traders and investors confidence to make trades within the pattern.
I see a potential fractal developing and it is a basic bottom reversal fractal. As EHTBTC is coming out of the inverted head and shoulder (please see linked ideas) my bias is the channel will break to the upside. Price action has been in the channel for about 3 weeks and I would not be surprised to see price action in there for a while, maybe even another month.