Ethereum strength against Bitcoin (ETH-BTC) continues proving itself as the market leader when it comes to overall altcoin strength. This most recent iteration includes what's nicknamed "DeFi season" including top gainers such as Aave (LEND-BTC) which pulled an over 100x return in less than one year, Chainlink (LINK-BTC), Band Protocol (BAND-BTC), and a handful of others.
From a TA standpoint, the next trouble area lies around 0.039 ETH-BTC, with a potential rest at the next volume node: 0.031-0.032 ETH-BTC. Poloniex chart data was used to provide a macro view starting from 2017.
Targets can easily overshoot due to market FOMO.
From a TA standpoint, the next trouble area lies around 0.039 ETH-BTC, with a potential rest at the next volume node: 0.031-0.032 ETH-BTC. Poloniex chart data was used to provide a macro view starting from 2017.
Targets can easily overshoot due to market FOMO.