Hi Folks!
Ethereum is in the consolidation phase near the 0.1BTC level and currently, I expect the breakthrough: the wave 3.
x4 Zoom depicts the triangle-like pattern. It can be both continuation and reversal pattern, but the overall trend is up, so my idea is:
Wave 3 should not be the shortest wave in the impulse, so I expect the massive movement upward, but that idea is not supported with the numbers of market cap:
Feb-12-2018
BTC: $148.5B / 34.4%
ETH: $85.2B / 19.73%
Feb-7-2018
BTC: $139B / 35.7%
ETH: $80B / 20.5%
Jan-31-2018
BTC: $170B / 33.6%
ETH: $107B / 21.1%
Ethereum the percentage of the total market cap is getting lower. If that parameter will change the trend I will get very bullish on ETH and will set up the price targets.
Coming back to you soon!
Good luck!