Despite that, the bullish tendency on the pair develops in somewhat lazy manner, and support levels often do not hold, the ETHUSD pair looks better and safer than BTCUSD.
Firstly, the pair did not even reach 50% Fibonacci level during the latest fall of the markets, when BTC fall to the 61.8% (such level is considered the lowest breaking point of the uptrend by many traders) and struggles to leave this zone desperately.
Secondly, Etherum as one of the major Altcoins, but still altcoin, is not crushed by the negative BTC news. On the contrary, it serves as a safe-haven for the traders.
Nonetheless, I do not expect the pair to go into strong uptrend from here, rather it will hold in the 1000.0 - 10250.0 corridor.
Firstly, the pair did not even reach 50% Fibonacci level during the latest fall of the markets, when BTC fall to the 61.8% (such level is considered the lowest breaking point of the uptrend by many traders) and struggles to leave this zone desperately.
Secondly, Etherum as one of the major Altcoins, but still altcoin, is not crushed by the negative BTC news. On the contrary, it serves as a safe-haven for the traders.
Nonetheless, I do not expect the pair to go into strong uptrend from here, rather it will hold in the 1000.0 - 10250.0 corridor.