AlanSantana

Ether Takes The Lead | Will Ethereum and Bitcoin Detach?

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Hardly ever I look at the Ethereum ( ETHUSD ) chart since both Bitcoin and Ethereum tend to move together.

Whatever I see happening with Bitcoin normally is also true for Ethereum .

For example, notice the bullish wave from July 21 to August 23, exactly the same for BTCUSD and ETHUSD .

Things are different right now.

Ether (ETH) just moved ahead of Bitcoin and went on to hit a new high today... This is great news. While Bitcoin is still strong but showing some bearish signals.

How to read this signal in comparison to Bitcoin?

In the past I used to use Ethereum to predict the next Bitcoin move as it was ahead by a few days or hours, the signals tend to be easier to read.

Seeing Ethereum move ahead, can signal that Bitcoin will eliminate all bearish signals and continue to grow ( bullish /green) next.

Another scenario is where Bitcoin and Ethereum detach from each other.

Ethereum has all the Apps, NFTs and smart-contracts going on... With the cryptocurrency market evolving so much and so strong, the King and Queen of crypto detaching is something hard but can definitely happen.

Personally I believe if ETHUSD is to move straight up and go ahead, I think that Bitcoin will follow instead of detaching...

A bullish Ethereum , bullish Bitcoin as well.
And vice versa.

We are looking for Ethereum to hit $6,000 but it can take a while...

I just saw this now...
The Altcoins (in general) are behaving strongly as well.

If this ( ETHUSD going up while BTCUSD hits lower highs) goes on for more than today, I will update my view on Bitcoin taking this information into consideration and tell you what I see coming next.

Make sure to hit LIKE now if you want to stay updated.

Thanks a lot for your support.

Namaste.
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