Browse Symbol Stacks: $ETH: slopechart_$BTC,$ETH.jpg
slopechart_$BTC,$ETH.jpg
Re: Mr. Wizard
ETH,BTC May highs marked same color as prices.
I'll hazard a guess at Eth 4k. Time.
Eth and BTC seem to syncronize at lows and bottoms.
Tops however are a different beast. It has been typically a month between a BTC high and an Eth high. BTC recently made a new high, or maybe a double top, depending on your point of view. Eth appears to be doing the same move a month out. It is a little confusing to catch with everyone cheering for BTC $100,000k and a recent high to 'confirm' such a thought.
$4,172 was May high for Eth on Slopecharts, so there is some price point reasoning of course.
Implies that if crypto is going to drop we are not done yet, as they have not synced, but Eth trying to catch up.
NOT a prediction, just my thoughts on probability of what comes next. I do not discount the idea that Eth can pass or de-link from Bitcoin. This bull run somehow finding more steam is also in my mind, though not a high probability to me.