We are looking at the Wednesday night/ Thursday morning events, predicting a 205 high based on fib retrace from the all time high, also coinciding with the top of the downtrend resistance. After that I am looking at a retest of the short term up trend support, positioning accordingly whether it breaks or not.
Ethereum has been gaining confidence independently from BTC. This is a great development. Possibly more news to come out on Ethereum partnerships in the next week as well.
Ethereum may rally to $240 and then correct from there.
