ETHBTC About to bottom and Ethereum to outperform?
We haven't looked into the ETHBTC pair in a while but there is no better time than now, in the build up of what the market calls an 'alt season'. As you see the pair hit its 1D MA50 (blue trend-line) this week after a strong rebound on the RSI from below the 30.00 oversold barrier. Last time that happened was on June 13 2022.
The Fibonacci levels help at identifying key Support and Resistance levels within this two year horizon very effectively. The question is, do we have one last Lower Low on the 1D RSI trend-line before ETH starts outperforming BTC again?
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The Fibonacci levels help at identifying key Support and Resistance levels within this two year horizon very effectively. The question is, do we have one last Lower Low on the 1D RSI trend-line before ETH starts outperforming BTC again?
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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