ETHBTC took out to high timeframe range low, broke market structure, and has now back tested the local POC/VAL and 0.786. ETH has gotten a nice reaction off this area which has led ETH to $2700. Now that BTC has broken 50k, and the halving in near, I hypothesize that the real FOMO is just about to begin. I expect ETH to start playing catch up to BTC as people FOMO into crypto again, and people begin speculating about an ETH ETF.
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