Ethereum/Bitcoin million dollar question. Trend or breakout?
The most important question
It's has been a while since stopped comparing cryptos with USD but with bitcoin. Speaking about bitcoin, most important chart is ETHBTC. Ethereum has been under pressure for quite a while, maybe it's time for change. I remember back in June, ETH had a market cap 90% of bitcoin, everybody was waiting for the flippening.
That did not happen, since then ethereum has been under pressure versus Bitcoin. The downtrend is very visible. At some point Ethereum will breakout to the upside, it's hard to predict. Currently is testing resistance, and at the same time forming a head and shoulders formation on shorter time frame.
Chances are maybe 50/50, but if we see a breakout, it is going to be life changing (at least for me).
Share your thoughts, what do you think?
Chart source: tradingview.com
Follows and upvotes are appreciated :)
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Its funny looking back, we all missed this.
My opinion is this: the ETH will grow a lot in the coming time. I think in six months from now the price will be very high. Now is the time to buy ETH. After few months will be already high.
And this will be very good for me, as well :))
I think we will get a breakout first quarter 2018 once the institutions plan their first quarter budget I think we will see a huge run up. Upvoted.