Well we've been waiting for this for about a week. Ethereum has been struggling and has been getting hit HARD!!!! It formed a lower low for the trend, meanwhile LTC and BTC have maintained strength and higher trend lows.
Ethereum was completely oversold on the daily, so we will see several days of upside and realistically gains of about 10% at a minimum I think.
If we close strong the next coupe days, we should see a bullish MACD cross.
Resistance will be seen at $640 and $680 <-- My target!
BTC is looking extremely strong as well, so I think hopefully this correlation plays out.
Happy trading! Should be some good bull action this week!