EthereumLong
ETH taking a breather on its 2020 parabolic tear
Today's pullback in ETH, influenced by BTC's, looks to be a short rest before resuming a heavily bullish parabolic rise. Since January 1, ETH has exploded with around 130% gains. The rejection at the .718 Fib retracement level, which correlates with BTC's at its .618, is healthy as RSI was very overbought. After a recharge, I anticipate the rise will resume and find ETH back at its previous 2019 high by the end of this month. Continuing along this parabolic curve would find ETH retesting its all time high around the time of the BTC halving.
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