I have initiated a position in ETH this morning with a stop under the 4 hour higher low in the $177s. ETHBTC has seen a bull break over daily resistance, and any bull moves on BTC could be magnified on ETH in this current setup. Target would be a swing trade looking for the mid $190s.
As we know, the longer BTC trades sideways, the more space altcoins have to run on their own without any correlations weighing them down. Every time an altcoin pops, holds its gains, and sees continuation, it adds confidence in the altcoin space for bulls to hold on for bigger moves.
Patiently waiting for BTC to break its sideways daily channel, but it could stay within it for the rest of the week. Congrats alt bulls!