All right folks!
Ethereum capitalization is now $107B and that is 21% of the total cryptocurrency market cap (versus 33.6% for Bitcoin). ETHBTC has broken the level of 10:1 or 0.1 BTC and not going to come back.
Let's take a snapshot from the coinmarketcap.com:
Latest hop is marked with blue.
Here is ETHBTC now (blue is ETH all):
No resistance found at the level of 0.1BTC. "Triangle" is broken. Upward movement is so strong so I see the flat correction pattern. If my counting is correct we will have just started the new impulse an go as 5-3-5-3-5, so the second wave can return us back to the 0.1BTC and I expect massive growth later on: the 3rd wave is never the shortest.
2 weeks ago I've posted the idea of money migration. Here are the long term vision from there.
BTCUSD
ETHBTC
Here are two more posts on that topic with a long-term vision:
All this material supports my idea, that Ethereum is stronger then BTC now and will be stronger during the further Bitcoin movement, no matter if it goes up or down. If I am correct, we are not far from the ETH dominance. I guess it can be met near 0.135BTC level (0,109BTC now) and that is not even the all-time-high.
ETHBTC 2017
Thank you for reading!
Stay tuned!
New updates for ETHBTC chart coming soon.