Flash Analysis: Ethereum Breaks Out, Bitcoin Lagging Again

Ethereum retained its market leader spot this weekend with Ethereum Classic following in suit, being up by 5% so far today while the other majors are generally drifting lower. ETH almost perfectly followed the trend channel that we have been monitoring in recent days on the Bitcoin pair. The correction that carried the pair back to the key 0.085 level looks to have ended, and ETH/BTC is likely headed for a re-test of the resistance zone near the 0.11 level, while the ETH/USD pair is trading at all-time highs.

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