ETH/BTC - BTC first, ETH next?

BTC leads, the rest follows?

This is ETH against BTC, not USD!

So as long as BTC doesn't do a big dump, it sure looks like ETH might push next. With BTC being close to ATH and ETH still missing another 30% just to get to ATH (in USD), that does seem plausible enough.

Going by this projection though and assuming at least a stable BTC at the current levels (midterm), that would put ETH significantly higher in USD value from the current price of 3.7k.

Commentaire:

Followed the orange path so far:

Nice reaction there, though too early to call. Always a chance for another sweep of the lows.

ETH/USDT is looking interesting too though:

Commentaire:

Still the orange path, now with a hit of the lower channel bound (in log) right at the 61.8 retracement level.

Comes with some noteworthy bullish RSI divergence on the weekly.