At least for the moment.
After the Bitcoin broke up to what could be the final 5-th wave of its advance:there is a little chance we would see a big advance in ETHBTC.
The short-term picture in ETH is really messed-up:most of the waves are clear 3 waves move. There are quite some in the trading forums who call it a triangle. But author has some doubts. It doesn’t look right for a triangle. Somehow similar but not exactly. If even it should be a triangle, then the most probable direction of break out would be to the top. In triangles if we see a flat line, then this is where the price will move. In our case we see the flat line on the upper side.
The author himself is sidelined. Can be that the next big move will be missed. But as long as there is no clearly defined SL (stop-loss) and profit area, the author sees no reason to go into the trade. This big move can be into the direction which is not expected.
For the moment let us wait few more days and see if the BTC market get over excited. That would be the best time for ETHBTC to start the next advance.
Btw, this is the first time when the value of ETH keeps rising in USD and EUR even though the ETHBTC is mostly unchanged or slightly down.
Looks like the market pattern is about to change. The Ethereum and ETH seem to become mature enough not to be considered altcoin to BTC anymore. Surely there will stil be some hard-core Bitcoiners, especially during this last rise. But even they will have to change the mind and accept the reality.
The reality where Ethereum is becoming very fast the mainstream of how the digital organisation will be funded, administered and ruled in the nearest future.
Thanks for reading. Stay in a good shape, enjoy your time. May be do some yoga (authentic one, not the crappy modern style).