ETH is looking considerably more bullish compared to BTC at the moment. What was a very strong rally was put to a pause, and I suspect it has to something to do with BTC shenanigans followed by the recent Bitcoin Cash events. I remain apolitical on the scaling debate and will purely be looking at price action and volume.
Once the Bitcoin Cash and Bitcoin Core squabble finds some sort of outcome and the market shows some stability, I think we will see the momentum required for the ETH rally to continue. Fib targets are shown. I am looking for good bullish price action above 824 and 834.
If you know, you know:
N 957.0
V 910.0
E 1107.0
NT 807.0
Once the Bitcoin Cash and Bitcoin Core squabble finds some sort of outcome and the market shows some stability, I think we will see the momentum required for the ETH rally to continue. Fib targets are shown. I am looking for good bullish price action above 824 and 834.
If you know, you know:
N 957.0
V 910.0
E 1107.0
NT 807.0
Comment:
Bitcoin sneezes, and alts follow. Not as if Ethereum wasn't due for a correction though.