ETH-BTC trading pair has made the move we were watching for over the last month from this recent post.
We are now near a major support level that dates back to 2021. It’s now time to see if ETHBTC has one more push higher to the market structure (~5-6% move), or if the support breaks and we see a 10-15% drop in ETHBTC.
The reaction of this ETHBTC chart will be very representative of all altcoins, if ETHBTC breaks lower then it’s likely that most altcoins are performing poorly.
ETH-BTC trading pair has made the move we were watching for over the last month from this recent post.
We are now near a major support level that dates back to 2021. It’s now time to see if ETHBTC has one more push higher to the market structure (~5-6% move), or if the support breaks and we see a 10-15% drop in ETHBTC.
The reaction of this ETHBTC chart will be very representative of all altcoins, if ETHBTC breaks lower then it’s likely that most altcoins are performing poorly.