As always, absolutely possible. But with the fundamentals I think it's more likely it will respect the upward trend channel. Either ranging between .031 and .032 from here, or bouncing of the .029-.030 range, before moving to .05. Of course it depends on how fast Optimism is released and the fees drop. I think a UNI v3 release on Optimism for instance can instantly push the ETHBTC range upwards again. And then seeing it pushed onwards by the Berlin and London hardfork hypetrain till the upper range of this channel.
utilmind
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@Obcidian, current little drawdown is due to yesterdays confirmation of $1.9 trillion stimulus (that always pumping BTC). But ETH + alts will overperform BTC by July's hardfork or even earlier.
This might be more possible in the absolute 1000% worst case depending on how toxic the miners who don't like EIP1559 get. But I don't think it's within the realm of normal probabilities.
TRADiNG_hub
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yep, very Possible Forecast 🔥 Thanks for sharing 😍