Here's a quick look at Ethereum 4 hr chart. As we can see, ETH broke out from the big bull pennant . All depends on BTC right now. If BTC falls then ETH will fall as well. If ETH breaks its previous ATH it will probably go to 2500$! Gains incoming! Note: Watch the RSI - Not much space left before its oversold.
This chart was posted a week ago before it broke the bull pennant .
The idea is: Buy the breakout from the level shown in the chart. take profits at the level shown in the chart. Target: 1. 2040$ 2. 2500$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!