If we look at the Fibonacci levels for Ethereum specifically, we're looking at an approximately 80-90% retracement based upon where you want to start and call the "low". The price difference doesn't make much difference from the start point since it's such a small percentage compared to the high. Even if we move it up, we get to a bigger retracement.
The interesting thing, is that if BTC can't hold the levels it's been at with this $6,000 support, Ethereum will definitely break bearish and get a lot lower to test 100% retracement. I think this seems extremely unlikely, but it's still something to have on the "be aware" list.
With the last BTC pullback in 2013-2015, we didn't see this much retracement. Bitcoin Now is still looking at about a 70% pullback.
Personally, I'd like a pullback more to get loaded up on more ETH cheaper. It's one of my favorite cryptos and I have a lot of longer term faith in it.
Thanks for posting the info , Long term I like eth for sure
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Yea it’s always been my pick since i found out about it.
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Definetely Ethereum project is very promissing! On the other hand, the problem I see in the future with Ether is the non capped supply. For now I'm a bit bearish, since I think ICOs haven't sold off yet.
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