Is it finally ETH season?
Ladies and Gents, we may be entering ETH season.
Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks.
ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season.
Short-term forecast: bullish on ETH/BTC
Longer-term: will re-evaluate and update this post in the coming weeks.
Let me know what y'all think. Is this ETH season?
- Sultan of Chart
Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks.
ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season.
Short-term forecast: bullish on ETH/BTC
Longer-term: will re-evaluate and update this post in the coming weeks.
Let me know what y'all think. Is this ETH season?
- Sultan of Chart
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