Bitcoin - (BTC) VS Ethereum - (ETH)
Ethereum took run up as I stated in my previous posts as it happened sooner than later. ETH reached recent record high and stoped at the same exact point, isn’t it coinsidence? You can see the technicals studies are realy working with most of the crypto currencies, one of the reason could be that it is not manipulated, at least for now. We are now waiting if ETH breaks all time high, which I expect soon, if it does, the resistance becomes new support and I would like to see it pull back a little, even below the new support, which would be very healthy for further new all time highs.
Bitcoin is acting very week and for now is consolidating. Let’s be patient and see where it goes from now.
Below is post from 01/01/2018
Ethereum (ETH) is in consolidation cycle and has formed nice bull flag on 3 month chart. I’m expecting ETH to break to the upside very soon unlike Bitcoin which is acting very week and further sell-off may fallow.
Below is post from 12/31/2017.
Bitcoin - (BTC) VS Ethereum - (ETH) Comparison - 1 day
By two charts comparison Ethereum has not broken support, unlike Bitcoin which did broke support today and is much weaker, further selloff may follow.
Ethereum Short and Longer Term Forecast
