When will Ethereum start to rise against Bitcoin!?
Updated
We already wrote about ETH potential growth. You can find it in related ideas.
If history repeats itself and usually it does we should reach the short term bottom before the midterm growth can begin.
BTC dominance is around 70% and when we reached around 55% it went sideways so altcoins started to produce some results.
That looked mostly like bounces. However, we are waiting for the real midterm change if it will happen. At least with some strong coins, it should.
It might be that second largest coin (ETH) will show the pace for the others as BTC is usually showing the pace of the market.
Thus it is important to check what needs to happen and where it could happen.
As you can see from the graph we are getting close and closer to second support where the turn could be expected if not before.
From the historical comparison, Etherium could have crazy growth and produce better results than Bitcoin!
Do you believe the same can happen now?
Leave your thoughts in the comments below.
This is the idea for now. It's not investment advice!
If history repeats itself and usually it does we should reach the short term bottom before the midterm growth can begin.
BTC dominance is around 70% and when we reached around 55% it went sideways so altcoins started to produce some results.
That looked mostly like bounces. However, we are waiting for the real midterm change if it will happen. At least with some strong coins, it should.
It might be that second largest coin (ETH) will show the pace for the others as BTC is usually showing the pace of the market.
Thus it is important to check what needs to happen and where it could happen.
As you can see from the graph we are getting close and closer to second support where the turn could be expected if not before.
From the historical comparison, Etherium could have crazy growth and produce better results than Bitcoin!
Do you believe the same can happen now?
Leave your thoughts in the comments below.
This is the idea for now. It's not investment advice!
Note
Zoom inNote
It might be that we have reached ETHBTC bottom. Candles look similar and Fibbonaci level worked as support in a similar way as it did before. The yellow weekly candle would be the final confirmation.
Note
Clear double bottom on a daily graph:Additionally, there are convergences seen on indicators.
Note
ETH/BTC bullish. Confirmed on weekly also:
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