Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.
As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.
Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair.
According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave.
Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH.
Look at my ideas about interesting altcoins in the related section down below.
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