There are several really interesting things going on here on the 2D chart. First of all the macro-pitchfork is looking good. We are sitting around the , which is neutral territory. There seems to be a bear div on that looks eerily similar to the last top. Most interesting of all is the potential for a pattern to play out. Traditionally you look for 1.272 fib extensions of each wave down for the next upper target, then a 0.618 fib retrace. But this is crypto, so to hell with traditional guidelines, right? What we've been seeing is ~416.8% extensions on each run up and ~86% retracements.
This post is just to give you an idea of the overall trend, still very , but neutral/bearish near-term. Not shown here, but the weekly chart shows weekly bear divs throughout each run up, so perhaps it is a continuation signal with this pair.
Last could reach as high as 0.625 by August, 2018.
Also I thought was interesting, although this will change over time, is that the "flippening" so to speak, would occur at a price level of 0.1728 eth/btc if the current circulating supplies of each remained constant.
*THIS IS NOT TRADING/FINANCIAL ADVICE*