Ethereum ETHBTC - Watch for Falling Channel Breakout

Bitcoin may fall in the short term - Monero looks like it's getting a running start in anticipation.

Watch ETH as well - it looks like it's trying to break upwards out of the channel, I'm waiting for some real volume before confirmation though.

Comment:

As always, keep an eye on BTC:

Comment:

So by now it's obviously drifted outside of the channel, but I wouldn't call it a strong breakout - like everything else it's fighting against BTC's climb. I think as soon as BTC stalls or starts to retrace, ETH will take the opportunity to make a run for it. Keeping an eye out