If we look at coinmarketcap we see that the current price of Bitcoin
is at $5623.65 with $93 500 137 705 Volume.
From the view of volume we see that Ether is currently at price $340.59 with a $32 399 320 332 Volume..
So ETH is at 1/3 in volume vs Bitcoin. Basically ETH would be at 20000$ price range.
Or Bitcoin is overpriced a lot.
With such levels I see more potential to the downside.
Jump in before the US Consumer Confidence this afternoon.
I see potential around 1887 level for a new turn long. Still I won't go long there and wait for a new short position.
This beast can return to the 640 level after all.
Enjoy and keep believing ;)