It has been clear that ETH has been hesitant. Please read this with the Bitcoin analysis (attached below) and see how ETH has curved compared to BTC. This has put $420 further out as ETH is waiting for BTC to give it some oomph.
Decision Box 1 is further out than that of BTC as any positivity in BTC could see ETH overperform into a fake out. Green Target 1 correlates well with BTC’s first green target, and so does Green Targets 2 and 3 to a lesser extent. Green Target 4 is not simply there because it came into view before, but that is a clear goal that cannot be denied. The result is a tentative forecast of correlation followed by a possible overperformance.
Decision Box 2’s attached black triangle is explained in the BTC analysis. The Red Targets have largely stayed the same.
Conclusion: As always, the correlation is relied upon. If the soil (BTC) turns bad, so will the fruits but in relation and vice versa. Very important to me: Please leave a like if you appreciate the effort, Please comment to develop this further and Please follow if you see this bearing fruit in the future, that you might like to know about.