Currently bitcoin and ether are inversely correlated.
I've actually already jumped the gun and bought ETH between $42 and $45 but I'm prepared to sell if price trades under , closes a 1hr bar under $41, a 1d bar under $42, or if bitcoin closes a 1hr bar above $1,200.
I'm still watching the $42 and $47 price levels for confirmation on what my next move will be and I still think new highs are likely. ETH could remain in balance for up to another three days but could break out at any time. Until then I'll continue to hold the coins I bought in this balance range.
can u use it for currency