I had forecasted this was a monthly uptrend, now confirming on close today. Targets on chart. I hope you followed my advice and are holdings longs in ETH.
I feel a pullback as low as .02 is on the cards and probable if Bitcoin continues to rise.
The crypto community has been fixated on alts for so long / gotten so used to the Bitcoin bear market, they've totally forgotten what happens when BTC wakes up. Sudden memories / realisations will lead to changing long-term positions, pushing ETH further down against BTC.
It's also interesting to note how different the idealism behind the projects is. If you didn't know the communities and just read the mainstream news, you might just lump everything together as "blockchain", but as soon as you start learning you can see that the philosophy behind Bitcoin is in some ways very different from ETH, and certainly very attractive in the current political climate.
Anyway, space for all in the long-run, but in the mid-term I feel things may go lower than you project.
OmgImTrader
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Interesting that on USD composite chart ETH already broke the very first bearish bar's high
IvanLabrie
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@ShortThePlanet, yes, it isn't too reliable, but it might be more or less relevant once hit, if only for psychological reasons. Look at these levels:
IvanLabrie
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High, low and 50% of the first trading day's range.
IvanLabrie
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Some days are more important than others...that's how fundamentals can help you, among other ways...
ltc-joe
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Interesting...what is your take on bitcoin in the coming weeks?