This is the ETHBTC chart
It basically shows the strength of Ethereum against Bitcoin.
I posted the analysis on April 19, and it was clear to me that the pair was heading for a drop, and indeed we saw the downturn afterward. This was clearly reflected in the market, as Ethereum still hasn't been able to hold above the descending channel like Bitcoin.
If ETHBTC hits the expected target, and of course after a drop in both Bitcoin and Ethereum, I expect altcoins to start moving better than Bitcoin, contrary to the current situation where Bitcoin is outperforming most coins.
We'll evaluate the movement of the coins when ETHBTC reaches its target and keep an eye on it, God willing.
Just a personal analysis and not financial advice$BTC $ETH
It basically shows the strength of Ethereum against Bitcoin.
I posted the analysis on April 19, and it was clear to me that the pair was heading for a drop, and indeed we saw the downturn afterward. This was clearly reflected in the market, as Ethereum still hasn't been able to hold above the descending channel like Bitcoin.
If ETHBTC hits the expected target, and of course after a drop in both Bitcoin and Ethereum, I expect altcoins to start moving better than Bitcoin, contrary to the current situation where Bitcoin is outperforming most coins.
We'll evaluate the movement of the coins when ETHBTC reaches its target and keep an eye on it, God willing.
Just a personal analysis and not financial advice$BTC $ETH