Ethereum to Bitcoin ratio looks exactly like every other major altcoin, just accumulating before the inevitable altcoin season that we are on the verge of.
Going into Technical Analysis now, Ethereum had a chance to break out of the bear trend in Sept. but wicked the monthly resistance to a T and dipped back down (currently in freefall) looking to retest the local bottom it found in Sept. to finish the move.
You should be looking to enter along the red daily support (local bottom) and nowhere before that, because it does not look bullish right now. We are still currently below the long-term uptrend as well as below the monthly resistance.
Big gains to be made in the future on Ethereum, just currently looking like its flatlining, and waiting on either ETH 2.0 or Bitcoin to take a move upwards.
As always please do your own research, I am not a financial advisor.
Going into Technical Analysis now, Ethereum had a chance to break out of the bear trend in Sept. but wicked the monthly resistance to a T and dipped back down (currently in freefall) looking to retest the local bottom it found in Sept. to finish the move.
You should be looking to enter along the red daily support (local bottom) and nowhere before that, because it does not look bullish right now. We are still currently below the long-term uptrend as well as below the monthly resistance.
Big gains to be made in the future on Ethereum, just currently looking like its flatlining, and waiting on either ETH 2.0 or Bitcoin to take a move upwards.
As always please do your own research, I am not a financial advisor.