Ethereum as number 2 cap during " great depression on Bitcoin" (3200$/per Bitcoin ) was worth 82$.
Upon Bitcoin rebound was among the first one uptrending and gaining most thefore uptrended 82-157$ (while Bitcoin was moving toward 4200$ and failed in "previous round").
In % terms that is nominal USD gain of 91% which is very impressive having on mind we talking about second biggest coin per marketcap.
Right after Bitcoin declination, Ethereum deflated over Bitcoin and Bitcoin sank towards 3500$ making ETH worth around 101$.
Now, upon this move on Bitcoin , and further continuation of momentum on Bitcoin (we are daily on B as per technicals) Ethereum started "bending upwards", making " curving slope " and continualy making higher lows and maintains those levels as trying to reach higher and higher levels.
Manages to stay over 135$ per ETH as continualy raising
Overaly does look and technicals do confirm it.
, , confirms further daily momentum.
Bear on mind that Bitcoin initial impulse should be higher than 4240-4250, that could equate up to 171$ per ETH and after declination previous level breached will be retested (lower than 157$ per ETH since Bitcoin will make retrace back to 4000 as piercing it.
That's a rebuy on ETH and sell on BTC 4450$ equivalent which should equate up to 196$ safe exit.
I do expect further push.
Will provide addititional analysis regarding ETH.
For those who followed an idea, i am glad they made profit.
Good luck guys and happy trading.
Thanks for the feeback Ronnie.
$4450 and we dump towards 3000.
We will sub 3000 upon 4450 declination.
Declination-rejection from certain price level.
You are welcome guys.
Thanks for the feedback.