The overall volatility of the cryptocurrency market has increased during the past few weeks, especially for Bitcoin. BTC produced an all-time high at $5920 which could now act as a short to medium term resistance and potentially result in a correction down.
While Bitcoin investors are fixing profits after a healthy gain, the best alternative investment, for the time being, seems to be Ethereum.
Technically speaking ETH has found a strong support at $280 level and after some range trading, it finally broke above $310 resistance. This move could trigger an explosive growth and thus become more and more attractive for buyers.