Ethereum recently broke out of its downward trend. Will the number 2 cryptocurrency take centre stage for the next leg of the crypto bull market?

Signs are good

The signs are starting to look good for ethereum. A break to the upside and a shift in the ETH/BTC pair in favour of the former, as well as a spike in ETH dominance, are all contributing to ETH perhaps coming to the fore and beginning a decent run higher.

ETH ascendancy over BTC

However, for ETH to go higher it needs to break through important resistances. Against BTC, ETH is at 0.062. A break here does look a good possibility. There is some bullish divergence on the weekly time frame, and ETH is still respecting an upward trendline since January 2020. 

Over quite some time now though bitcoin has been in the ascendency. …