Based on the Ethereum to Bitcoin ratio, I am expecting Ethereum to find stability at floor prices before Bitcoin finds its floor. The implication if I'm wrong on this would be horrible for ether, because it would mean the ETHBTC ratio would break every major level it has ahead of it, and it would also mean that ether would break its most critical level in its history. The 350 price level (+/- 50 points) represents Ether before its major breakout towards 1400. It represents a time when bitcoin was trading in the 3000 range. And it represents a time in crypto right before the mania began. So its relevance shouldn't be overlooked. Some stability and or consolidation in that range for an extended period of time would be ideal to cement its place near floor prices.
Comment:
Will repeat, if 350 does not hold, prices will break significantly. 210 would be the next level
Comment:
massive reversal off 'floor'
I am long from 390. Buy dips
I am long from 390. Buy dips