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CryptoCat93

Can Ethereum follow Bitcoin? If 320$ price level breaks bullish

Ethereum (BITSTAMP:ETHUSD)  
CryptoCat93  
BITSTAMP:ETHUSD   Ethereum
Trend Analysis Support and Resistance Fibonacci Ethereum (Cryptocurrency) Bullish Patterns Bearish Patterns scenarios scenario ETH Bitcoin (Cryptocurrency) market price
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trendanalysis supportandresistance fibonacci ethereum bullish bearish scenarios scenario eth bitcoin market price
I think Ethereum price depends on where Bitcoin price goes. First, we need Bitcoin to reach new highs around 11200-11300$ then I think Ethereum will start test the resistance around 320$ (lines up with 0.236 fibonacci level)
If it breaks up, then my next target is around 390-400$, if fails I think Ethereum will retest the support zone. At the moment there is a bearish divergence, but if the RSI can reach a higher high it will become invalid.
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