Ethereum / BitcoinUpdated ETH/BTC will come to lower levels over time, before bullrun
Even if ETH spot etf is approved or approved at the same time with BTC or alone, I think ETH will fall to lower levels against BTC before a real bull run starts.
Note
I still expect the price will come to the POI area or more down for ETH/BTC, this is inevitable. You can use this information as you can seek a potential spot buy area entry for the remaining altcoins. Don't forget that this chart is not related to ETH or BTC prices, they can go up more. This is related to their correlations. Also, there are some important points that this expected drop, in a bull trend, can mainly made by a drop rather than a series of Godlike Bull candles.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.