As regulatory pressure (namely interest rates) finally begins to appear to be easing-- BTC is butting up against historical resistance, that's not to say that BTCUSD can't surge in the near term, I actually think it will!
That said, the writing is on the wall that it is ETHUSD and ETHBTC's time to shine in this cycle. The ETH ETF is set to go live very soon, and investors like Matt Hougan believe that ETH as an asset will have inflows that are far beyond what the average analyst is expecting.
If you analyze the RSI trend on a long term basis, these 1M candles paint a familiar picture from last cycle, when ETHBTC did ~300% in a few short months. What say you?
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