As I posted earlier in the week, I think ETHUSD is primed to run in the near term, here's the original post:
Building on top of that, we have more indication that ETHBTC may have found some bullish support, on the shorter time frames over the past few days you can see a clear double-bottom where I highlighted the yellow semi-circle. ETHBTC has even made a higher high now as of today, as $BTC has tested support near 94k USD.
If ETHUSD rallies as we expect, it makes sense that through Jan-Feb #BTC.D will see a steep correction along with this. This is not to say that I am bearish BTC- I don't think BTCUSD is done, but I do think there are better RR trades emerging in the market soon.
WDYT?