Higher Highs and Breakout Levels
Ethereum’s ETH/BTC Weekly pair is on the verge great things, but crypto is far from predicable. Higher time frame structural breakouts have happened twice in the past. The 3rd one brewing right now speaks for itself.
The Higher High and the tepid breakout right now must have the bulls on edge. Holding the horizontal blue box leads to a bull bias next week. A break under the October 2019 highs, thus under the horizontal blue box, will make the bears feel like they are in control again.