I'm going to put this straight forward simple.
ETHBTC
, essentially representing the price ratio of Ethereum to Bitcoin, serves as a key indicator of market dynamics between these two leading cryptocurrencies.
Due to the recent Break Of Structure on this Chart, I was curious enough, at what prices are we looking at in USD, in order for the ATH to break.
Last ATH was on June 12th, 2017. Prices at that ATH were following:
ETH: $414.8
BTC: $2980
According to my beloved friends ChatGPT, he could give me many scenarious, at which the ATH at 0.15636 would have be broken. Regarding of the multiplier, you get a different answer, here few very possible for me at this stage of market.
Multiplier: 1.5
Multiplier: 1.7
Multiplier: 1.9
Multiplier: 2.0
Multiplier: 2.2
Multiplier: 2.4
This might be the biggest signal, showing Ethereum has a lot of potential in the upcoming Altcoin Season / Bullmarket.
Not trying to convince anyone, just speculating on some interesting numbers.
Feel free to come up with more different scenarious. 100k for BTC & 15k for ETH might also be possible :D
ETHBTC
, essentially representing the price ratio of Ethereum to Bitcoin, serves as a key indicator of market dynamics between these two leading cryptocurrencies. Due to the recent Break Of Structure on this Chart, I was curious enough, at what prices are we looking at in USD, in order for the ATH to break.
Last ATH was on June 12th, 2017. Prices at that ATH were following:
ETH: $414.8
BTC: $2980
According to my beloved friends ChatGPT, he could give me many scenarious, at which the ATH at 0.15636 would have be broken. Regarding of the multiplier, you get a different answer, here few very possible for me at this stage of market.
Multiplier: 1.5
- New Price of ETH: $3,766
- New Price of BTC: $24,085
Multiplier: 1.7
- New Price of ETH: $4,269
- New Price of BTC: $27,302
Multiplier: 1.9
- New Price of ETH: $4,771
- New Price of BTC: $30,513
Multiplier: 2.0
- New Price of ETH: $5,022
- New Price of BTC: $32,118
Multiplier: 2.2
- New Price of ETH: $5,524
- New Price of BTC: $35,329
Multiplier: 2.4
- New Price of ETH: $6,026
- New Price of BTC: $38,539
This might be the biggest signal, showing Ethereum has a lot of potential in the upcoming Altcoin Season / Bullmarket.
Not trying to convince anyone, just speculating on some interesting numbers.
Feel free to come up with more different scenarious. 100k for BTC & 15k for ETH might also be possible :D