ETH started a similar run just before the last BTC correction to the low 900's. Once that kicked in it was au revoir Bitcoin, and presto ETH with an epic bull run.
Over the last days and hours, ETH obviously couldn't wait for BTC to start its own correction business, but instead gave early hints towards its own bullish intentions breaking out of its pennant, and maybe even earlier so than expected by some of us punters.
Will history repeat? Will BTC correct substantially? Will ETH see another major bull run? Many keen eyes can see such a development becoming a strong possibility. I'm inclined to fall into line with those observations.
Over the last days and hours, ETH obviously couldn't wait for BTC to start its own correction business, but instead gave early hints towards its own bullish intentions breaking out of its pennant, and maybe even earlier so than expected by some of us punters.
Will history repeat? Will BTC correct substantially? Will ETH see another major bull run? Many keen eyes can see such a development becoming a strong possibility. I'm inclined to fall into line with those observations.
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I've included some short daily, weekly and monthly resistance levels. Maybe it can help you along in making decisions for your trades, especially if we should break below the 78.6% fib level.
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