Over the past 2 weeks, we've seen Ethereum break it's downtrend compared to Bitcoin as evidenced by Orange Arrow where the stacked moving averages to the downside broke their trend. Following from that we're seeing some consolidation while momentum is reorganizing (Green Arrow). I'm looking for ETH to continue it's climb against BTC. This will be verified by momentum increasing and moving averages providing more clear stacking to the upside. Should moving averages see another crossover toward the downside, my position will change
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As projected, ETH has taken a rally against BTC. It is currently a bit extended, and approaching 2 STD Dev from VWAP. Expect some sideways to retracement activity over the next few days. If VWAP settles back down and momentum doesn't fall, I expect further advancement here. Beginning to monitor this daily now.