The same thing that is rolling with Bitcoin is happening in Ethereum, the litlle difference is that Ethereum has not even broke the Blue channel. (showing more strong than Bticoin).
What we can actually also prove with the BTC.Dominance chart (Btc is loosing dominance and is reacting more agressively than altcoins as incredible as it seem). Giving some space to altcoins to breath like we are seing in ethereum (has not broken the same channel that Bticoin already broke yesterday).
Key analysis factors:
-RSI bullish divergence and in oversold areas;
-Local big support;
-Space to ride up (also because we are in downside for a long time).
Possible 1.170$ target (top of the channel)
What we can actually also prove with the BTC.Dominance chart (Btc is loosing dominance and is reacting more agressively than altcoins as incredible as it seem). Giving some space to altcoins to breath like we are seing in ethereum (has not broken the same channel that Bticoin already broke yesterday).
Key analysis factors:
-RSI bullish divergence and in oversold areas;
-Local big support;
-Space to ride up (also because we are in downside for a long time).
Possible 1.170$ target (top of the channel)