ETHBTC has been consolidating for a while now and if there is not enough strength we could see something similar to what happened in 2016. Price structure 2016:
Price structure 2017:
Volume and StochRSI:
2016
2017
RSI
2016
2017
Note:
ETHBTC correlation to alts cycles could have been affected by the high number of ICOs and the ETH collected by all these projects.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.