Ethereum has remained strong but slow this year, which has a lot to do with the failures it has faced, or challenges it has faced in becoming scalable. It was first to come out, as a leader of the pack, and showed other projects what not to do. But, it still remains very much a leader today, and I wouldn't be surprised if this eventually jumps Bitcoin for highest market cap.
We have an ascending triangle pattern, with a recent ATH. Once we move past this region, which can bring a lot of resistance to break through. Depending on if Bitcoin remains bullish, and continues to go up - Eth will absolutely cross to new highs, and beyond. Personally, I think Bitcoin will take a minor break here, starting the real rally in early - mid November.
When ETH does reach upwards, it will shoot for these 2 areas: $6,000 and $8,000 - which are fibonacci extension targets on the 1w chart.
We have an ascending triangle pattern, with a recent ATH. Once we move past this region, which can bring a lot of resistance to break through. Depending on if Bitcoin remains bullish, and continues to go up - Eth will absolutely cross to new highs, and beyond. Personally, I think Bitcoin will take a minor break here, starting the real rally in early - mid November.
When ETH does reach upwards, it will shoot for these 2 areas: $6,000 and $8,000 - which are fibonacci extension targets on the 1w chart.