Did Ethereum just bottom vs. Bitcoin? This is the last big hurdle before $600

The focus may soon shift to Ethereum's Ether as it approaches the final resistance zone before a big potential breakout.

The weekly chart of Ether is fighting the final massive resistance zone before $600, with $800 on the horizon thereafter.

As stated, Ether's price made a new higher high, after which the $310 support/resistance flip warranted a higher low.

Because Q4 isn't the best period for altcoins, Ether might be close to finding a bottom in the BTC pair.

The resistance zone around 66-68% is unlikely to break further up as the market is currently seeing a support/resistance flip here.

The Bitcoin dominance was already rejected once at this resistance zone.

If history repeats, a drop towards 56-57% is very likely to occur for Bitcoin dominance, which would be a very bullish sign for altcoin traders.

Buy the dip if ETH drops to $350? However, traders shouldn't become too bullish at resistance, which is where Ether is at right now.

If such a correction occurs, levels around $320-340 may be a great opportunity to enter an ETH position.

If Ether establishes support at that range and starts to attack the resistance at $460-480 again, a massive breakout and impulse wave towards $800 would be a very likely outcome.