THELOGICALINDIAN - ETHUSD
Ethereum rallied absolutely a bit during the day on Friday, breaking aloft the $292 akin that I had acicular out yesterday. We affected the $300 level, and if we can breach aloft there, the bazaar should again go to the $312 handle, which extends to the $316 level. A breach aloft the $316 akin is a longer-term “buy-and-hold” situation, and amid now and again it looks acceptable that concise pullbacks will be affairs opportunities.
ETH/BTC
Ethereum rallied a bit adjoin Bitcoin, as we accept apparent a little bit of activity in this accepted vicinity. The 0.042 akin has acted as resistance, and at the aboriginal assurance of burnout I’m added than accommodating to sell. It’s not that I don’t like Ethereum, it’s aloof that Bitcoin has been exploding to the upside for some time. Wait for a cycle over, and alpha affairs again.
