ETHUSD
is inserted into a short-term lateral channel as
BTCUSD
. The two prices are still very elastic, but the different patterns suggest different timings to open positions. If Ethereum came out of this channel, in a moment of decline of Bitcoin would find a decisive support in area 390/400.
However, the probability of breaking the resistance at 580/590 with a consequent strong bullish impulse is more probable.
The volumes are now very low and we are waiting for a candle (4h / 6H) of large volumes to confirm these signals. For now, let's wait.
Have a good trading!