ETH big picture: key crossroads approaching
Updated
everyone is focused on BTC right now (and for good reason), but i thought it might be worth pointing out that ETH is technically at a key juncture: we're looking at a simultaneous retest of the .618 fib retracement level and the bull trend line. in a vacuum, i might be looking for an entry here. if only it were that simple.
i'm still expecting the rest of the market to follow BTC. so for ETH, i would bet on a break in the bull trend line and a retest of the prior ATH level (at least) before making another run at that major long term trendline.
just watch BTC though. anything can happen at any moment, i don't care what anyone else says. with that in mind, this wouldn't be a terrible spot for long term investors to average-in.
i'm still expecting the rest of the market to follow BTC. so for ETH, i would bet on a break in the bull trend line and a retest of the prior ATH level (at least) before making another run at that major long term trendline.
just watch BTC though. anything can happen at any moment, i don't care what anyone else says. with that in mind, this wouldn't be a terrible spot for long term investors to average-in.
Note
macro view
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