Eth is forming a Diamond pattern at the end of a cup in the long term. I'm not saying its breaking one way or the other or that the pattern would even lay out, but if it does the targets are monumental on both sides. Looking at Bitcoins move past all time highs we saw a very similar pattern with a large cup formed. Several times in the period after crossing 18,500...
in looking at ADA ETH and LINK versus BTC, it can be noted that the dumps are much smaller than their dumps versus USD. The hypothesis is that market movers are consolidating gains into a few strong alts as bitcoin returns to a fairer market price.
If this scenario plays it, would expect alts to begin another leg up as BTC dominance begins to show weakness below...
