The daily BINANCE:ETHUSDTchart is looking good, while this trade needs time to mature, we could soon be looking at new ATHs and testing BTC for the number one spot.
We can see ETH had a strong bounced off the 100 moving day average and a bullish pendant is forming. The RSI and MACD are both setting up nicely and positioning for a long bullrun.
If the current trend continues expect to see ETH bounce around for the next week or two, before testing ATH's sometime in mid March - April.
I think if Eth takes off in March-April, BTC will aswell.
Keeping ETH below BTC in marketcap.
McPaddles
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@JoshuaVanier, I don't disagree with you, that's a highly probable scenario as BTC is also looking bullish on the longer charts. But will BTC always be #1? Probably not.
JoshuaVanier
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@Kiwi_Crypto, I agree, BTC won't always be #1, but I don't think this is the bull run that will do it! :)
I have 2 price targets for ETH this year, just shy of 2K, and just shy of 5K, if we hit those levels at the right time BTC is weak, maybe the flippening would happen then.