There is so much good information coming from this chart, that we will just ignore most of it and focus on the bottom line.
Ethereum vs Bitcoin | ETHBTC – LONG-TERM
➖ An amazing bullish wave took place here from 2019 through 2021.
➖ A major support level was established mid-June 2022.
➖ In January 2024, after 1.5 years or 574 days; this support level was...
Here are the main things you need to watch in relation to the ETH/BTC pair.
Weekly symmetrical triangle (white trendlines).
Important level of support (yellow line) also 0.236 of current FIB trend.
Weekly RSI Bullish Divergence (same/lower low in pair vs higher highs in terms of strength).
If we break above our resistance level of our triangle then our expected...
So far we see ETH's key level in relation to BTC is continuing to hold. relation created a double bottom with a strong bounce from oversold levels on our RSI.
This means ETH could start gaining strength against BTC.
Will make a post of the weekly chart so we can have levels to watch.
This is make or break for ETH, currently at support and this needs to hold. If we see a push here then we going to see the alts and ETH push really hard.
the bounce over the strong support is weaker, expect a move down which may represent good entry to go long eth over btc in the long term, this is a long term strategy
ETH/BTC pair has failed to hold line gain strength, this points to a giant loss of ETH in BTC terms and everything on Ethereum.
With Solana out to send stable coins cheaply, the SEC declaring ETH a security, ETH will likely never got a Spot ETF thus never catching up to BTC's Spot ETF Inflows.
This is where Staked Ethereum takes a loss they never thought possible.
Key Points:
• Death Cross: The ETHBTC ratio is nearing a death cross, where the 50-week average dips below the 200-week average, historically signaling a bearish trend for Ethereum relative to Bitcoin.
• Altcoin Impact: Since altcoins often follow Ethereum's movement, this could lead to a decline in their value compared to Bitcoin.
• Actionable Advice: The message...
ETHBTC trading: BTC halving vs ETH ETF
Amidst the buzz surrounding Bitcoin's halving, Ethereum finds itself at a crucial crossroads, as the Securities and Exchange Commission (SEC) initiates a 21-day comment period for Ethereum ETF applications.
A veil of uncertainty remains over the immediate fate of Ethereum ETFs with the potential rejection or approval of...
🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role.
💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we...
ETH's value is derived from the estimated present value of its future free cash flows,
ETH's flows are based on how busy the network will be in the future, transaction fees..
If fees are high DeFi gets build elsewhere on other chains.
If fees are low, ETH has no future free cash flows > This measn ETH can not succesfully scale for it to be a valuable token.
Follow the Ethereum vs. Bitcoin ETHBTC chart
A support line that has been ongoing since 2016 has been broken
The price must maintain the support of 0.04916 and not close the weekly below it
