ETH/BTC Analysis [a5rhzy21FYM]
The markets are doom & gloom.
Sentiment is at all time lows.
Portfolios are being decimated.
But those that know, are patiently watching the $ETH chart against $BTC..
The 5 month weekly bull div played out 5 weeks ago, confirming itself with an outsized green weekly candle.
This in turn locked in the bullish deviation of the 3 year range.
Now, we are currently attempting to break out of a 2 year trendline with 2 days until the weekly close.
ETH/BTC is historically one of, if not the most important chart in terms of catalysing an alt season, as this then kickstarts the drop in bitcoin dominance.
ETH has had a lot of hate this cycle and seems to be forgotten about, but I have a strong feeling the king of the altcoins is making a resurgence.
You may have heard the expression HTF is king? Time to pay attention. When cogs of this size kick into motion, the ripple effects are colossal.
*** Full disclaimer this is NOT a signals channel, the content here is purely educational. I am not a financial advisor and the content in these videos is not financial advice*** #defi crypto list #wird bitcoin weiter steigen #bitcoin greed index #crypto echo #crypto voucher io