ETH has been consolidating since the big breakout to $370s where the bulls got ahead of themselves.
The sell of for bulls to play BTC led to a higher low being established on the 4 hour chart, and we are now forming lower highs and higher lows.
Look for a break in these tightening ranges by this afternoon/evening.
Watch the LTC hourly equilibrium for potential clues as to direction of the break.
Bulls are favored on the break due to the overall trend and positioning on the chart.
Cautious of correlation if BTC hits new all time highs this morning.
The sell of for bulls to play BTC led to a higher low being established on the 4 hour chart, and we are now forming lower highs and higher lows.
Look for a break in these tightening ranges by this afternoon/evening.
Watch the LTC hourly equilibrium for potential clues as to direction of the break.
Bulls are favored on the break due to the overall trend and positioning on the chart.
Cautious of correlation if BTC hits new all time highs this morning.
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