When ETH hit .025 the writing was on the wall considering a two-year low is a two-year low, that market only really had one direction to go about 3 weeks ago when the bottom actually hit. What we are seeing now is consolidations for the longs that have opened up in the margin markets as they drive the price up words I believe ETH will Peak around .15 and at the very least will touch .1 sat again as ETH has in the past.
The thing I'm most curious about is if people accuse insiders of trading on news that's about to be released for the market then one would expect that the momentum to have started in the last few days or so if that's the case there is a long run ahead and perhaps we will blow by the old all time high, if Bitcoin decides to retrace that would be the perfect atmosphere for that scenario.
If Bitcoin decides to keep going upwards to $25,000 many cryptocurrencies are going to experience significant retraces and it's only going to be par for the course until Bitcoin decides to take a break again, in the meantime market dominance is being juggled around at will, ETH back to at least .1 Sat that's the bottom line.
Smart Trader would reassess their position position once ETH achieves a value of 10% the price of a Bitcoin