Will ETH become 0.40 Bitcoin?

Ethereum / BitcoinBittrex

Description

⋅ Dec 5, 2017 6:01 PM

notice the channel ETH has been running against BTC log scale since the start of the year.

we are currently sitting on support. If the channel is to hold,
ETH would have to rise to 0.40 BTC.

This would mean huge ETH price or huge BTC Crash in the coming months.

What are your thoughts?

Trend Analysis Chart Patterns Ethereum (Cryptocurrency)ETH Bitcoin (Cryptocurrency)BTC

Comments

asish.asish12

⋅ Dec 5, 2017 6:08 PM

Interesting way to look at it. in recent past we are seeing a parallel action on BTC, ETH and LTC. So when BTC crashes, ETH and LTC should follow it.. no?

Bradley_cares

⋅ Dec 5, 2017 6:55 PM

@asish.asish12, in recent weeks this has been the case. The big 3 cryptos ETH,LTC,BTC go in and out of phase(price direction) regularly. this chart proves the point that over the last year ETH has Risen with BTC but also against BTC. currently BTC is rising while ETH and LTC are starting to pullback. I believe we will see the inverse soon. ETH will rise against BTC