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$.
Now, upon this bullish move on Bitcoin, and further continuation of bullish momentum on Bitcoin (we are daily bullish on B as per technicals) Ethereum started "bending upwards", making " curving slope " and continualy making higher lows and maintains those levels as trying to reach higher and higher levels.
Manages to stay over 135$ per ETH as continualy raising trendline
Overaly does look bullish and technicals do confirm it.
MACD, RSI, confirms further daily bullish 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.
Good luck.
Trade active
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Trade closed: target reached
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Eth reached 195$ on binance therefore we could close this trade.
I do expect further push.
Will provide addititional analysis regarding ETH.
For those who followed an idea, i am glad they made profit.
Thanks for the update man! Been following you more lately and really like what you're producing. We just took a long trade win and are still updating our stop loss for our long trade but I have a question for you. Where in your opinion do you feel the price would need to reach to send us into a bear market to start a LL and HL formation? Great work!