ETH has been stealing the spotlight from BTC and is leading the way for what appears to be an alt coin tsunami.
Just looking at the chart ETH still has a ways to go before a potential slow down.
I expect it to break out of the ascending broadening wedge it has been within and test previous areas of resistance.
There's still a chance it has a small pull back and retests the previous high before moving upwards again.
Either way ETH will continue it's march upwards and may just reach it's previous ETH/BTC ATH valuation near 0.15... For some context that would be a 9k ETH based on BTC price today
In the short term ETH may cool off a bit. Could meet resistance at the top trend line and retrace. That is a potential area to short and then buy at the lower two levels.
Personally I plan to just hold and will not be trying to short ETH any time son.
Just looking at the chart ETH still has a ways to go before a potential slow down.
I expect it to break out of the ascending broadening wedge it has been within and test previous areas of resistance.
There's still a chance it has a small pull back and retests the previous high before moving upwards again.
Either way ETH will continue it's march upwards and may just reach it's previous ETH/BTC ATH valuation near 0.15... For some context that would be a 9k ETH based on BTC price today
In the short term ETH may cool off a bit. Could meet resistance at the top trend line and retrace. That is a potential area to short and then buy at the lower two levels.
Personally I plan to just hold and will not be trying to short ETH any time son.