Given the structure of the ETHBTC pair I am BULLISH
Ethereum is the BASE
Bitcoin is the Quote
When price of Ethereum gains MORE Market Cap and diverges away from Bitcoins dominance, we will see this chart move UP
We can see consolidation / accumulation phases as if this was any other tradeable pair
Whether you trade on Leveraged accounts with Margin or directly invest through an exchange of your preference...
Targets outlined in Green
Looking for a breakout to confirm directional bias
Important Fundamentals include: G20... Technical Implications of Adoption, New Investments