If you look at the forecast I did for BTCUSD and ETHBTC you will see how this fits. I don't think ETH will claim its slot at #1 this year, but I do think it will touch it. Time will tell.
I can elaborate and show origins for some of these trend lines if anyone is interested. Otherwise I'll just leave it at this.
Komen
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Zooming in to the 1H we can see how Ether is interacting with this trend line. Its showing good consistent support, confirming its validity and utility as a fore caster.
In the short term it is likely that Ether will drop below this line. If it does, I see it as a good opportunity to accumulate.
Komen
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Ether Riding the same trend line over a year ago. 12/2016 - 3-2017