ETH/BTC is at resistance level at the moment (see the chart below). However, ETH is likely to break through that resistance, because it has been deeply oversold several days ago. If the current resistance level at 0.04 ETH/BTC is broken, there is a buying opportunity, as ETH is likely to rise to the next resistance level at 0.06 ETH/BTC.
At 0.06 ETH/BTC, there is likely to be a pull back to a support zone, and a likely push higher. The longer-term push higher is very likely as ETH based apps become popular, such as crypto-kitties.
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