Ethereum is notably way more bullish when compared to Bitcoin. This same yellow trendline from the bottom of March 12 2020 crash on Bitcoin is broken to the downside however on Ethereum it is not.
This seems to play into the fact that throughout 2018 all the altcoins pumped to extreme levels while Bitcoin died.
If Ethereum breaks to the upside of its ATH and Bitcoin doesnt mess things up, I could see Ethereum Reaching $7200.
However, if Ethereum breaks the yellow line we could see a 95% drop to $250 levels for the bear market bottom.
This seems to play into the fact that throughout 2018 all the altcoins pumped to extreme levels while Bitcoin died.
If Ethereum breaks to the upside of its ATH and Bitcoin doesnt mess things up, I could see Ethereum Reaching $7200.
However, if Ethereum breaks the yellow line we could see a 95% drop to $250 levels for the bear market bottom.