Flash Analysis: Ethereum Breaks Out, Bitcoin Lagging Again

ETH/BTC 4-Hour Chart Analysis

Ethereum retained its market leader spot this weekend with Ethereum Classic following in suit, being up by 5% so far today while the other majors are generally drifting lower. ETH almost perfectly followed the trend channel that we have been monitoring in recent days on the Bitcoin pair. The correction that carried the pair back to the key 0.085 level looks to have ended, and ETH/BTC is likely headed for a re-test of the resistance zone near the 0.11 level, while the ETH/USD pair is trading at all-time highs.

ETH/USD 4-hour Chart Analysis

Long-Term Prospects

The currency recently crossed the $20 billion mark in market capitalization rising above the 50% of Bitcoin value, reinforcing its second place ahead of Ripple, which has been in a correction for several weeks now. Ethereum is expected to outperform Bitcoin in the coming months as well, with the long-term uptrend handily being intact in the ETH/BTC pair, as Ethereum adoption continues to accelerate.

How about you? How are you positioned with regards to the two biggest coins? Let us know in the comment section!

Featured image from BTC Keychain

Author:
Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.
Comments
  • Thank you for your analysis Mate.

    Could you analyse more altcoins and also tell when are good times to buy/sell as well as predictions.

    Regards,
    Ershad

    PS: thoughts on XRP, where do u see it being in 1 week/month?

  • I am long ETH and buying on any dips. Several analysts say it is headed to $500 by Dec and at this pace, it seems to be headed in that direction. Also long Bitcoin. With the adoption by so many countries and Fortune 500 companies, we are just getting started!

    Just started looking at Ripple. It has a great story and problem to solve. Buying as much as I can for now waiting for it to resume its upward surge.

  • I am Hodling: 30% of my crypto portfolio in BTC, 15% in ETH and the remainder in XMR, FCT, XEM, XRP and Steem Power. Most of these I’ve owned since March/April 2017.

    I appreciate your analysis, I’m looking to get ETH into the number 1 position and am waking up to the fact that everyday I don’t pull the trigger, is one more day behind.

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