ETHBTC Forecast

ETHBTC looks like it is headed for 0.03094 - 0.032 level. Especially, if we confirm 0.043 as a resistance in the coming months and stay under it.

This is a monthly chart so it will take many months to complete this move. In my view this could happen in one of two ways. The first scenario is that BTC will start the parabolic move and leave behind ETH which is my base scenario in the next 6 months. The second scenarios is that ETH will continue to bleed down and BTC will stay rangebound or slowly rise in the coming months.

Here is my plan:
I will be accumulating ETH if it quickly visits the 0.030-0.032 ETHBTC levels. That is when I will be looking for ETH bottoming and turning. If we bounce from the 0.043 level and confirm with volume as support, then I will be looking to buy any breakout patterns in this long timeframe.

This is not a financial advice and DYOR