Hey Em, I'm going to share these charts with you so you see what I look at when I'm looking @ ETH and BTC.
This is the ETH:BTC chart (how many ETH per 1BTC).
So, first, you've got that blue box - that's a 'supply zone'. There's a lot of people @ that price point who are willing to sell their ETH back into BTC. This is a daily chart so the spikes you see to the...
$ET pretty clear as day, double test of 0.618 fib retracement, one pre-breakout of downtrend, one post-breakout. Currently retesting a support level. Most bought in august by lawmakers.