ETHBTC market overview: 12 -> 16 Feb. ETHUSD target: $990

OK, folk!

Let's get back to Ethereum vs Bitcoin analysis. Coinmarketcap snapshot:

Feb-16-2018
BTC: $171B / 35.4%
ETH $92B / 19.04%

Feb-12-2018
BTC: $148.5B / 34.4%
ETH: $85.2B / 19.73%

Feb-7-2018
BTC: $139B / 35.7%
ETH: $80B / 20.5%

Jan-31-2018
BTC: $170B / 33.6%
ETH: $107B / 21.1%

BTC goes up faster and that is reflected in the ETHBTC chart:

My optimistic forecast for the triangle as a reversal pattern did not work.

Here is my primary counting at the moment:

ETHUSD:

We are about to make an attempt to get out of the corridor. I guess there is pretty safe now to put the price target of $990 and monitor the volume.

Similar channel for BTCUSD.

Ethereum is now closer to the upper border of the channel (10100 -> 12000 vs 930 -> 1000 OR 20% vs 8%) and that is interesting. What if they will get to the border simultaneously, at the same time? The yellow line from the ETHBTC will be crossed. Or Ethereum is going to surprise us?

I prefer being neutral on ETHBTC pair until the yellow line is in danger. The only target now is $990 for ETHUSD.

Stay tuned!