The logarithmic chart of ETHBTC shows that is in a triangular formation since 2017.
ETHUSD is almost at its ATH , looking immensely strong ready to break it brutally.
Ethereum is quickly following up on Bitcoin reaching for its ATH . If it continues to rise at this pace it'll break like Bitcoin did and might consolidate for a few days and retest it as support, but that's it and fly up.
The bottom trend of the triangle offers longterm support and is tested quite often, the upside could easily be broken.
The target is the same as the one in the beginning of the triangle but as linear target so that's why it seems smaller on logarithmic.
Also a Golden Cross will happen which is that the 50EMA will be crossing 200EMA if a breakout happens!
As a reminder: most of the normal people buying into this crypto market aren't even aware of what Ethereum is, they just think heck do I know, Mark told me to invest and that are dozens and thousands of applications build on it while Bitcoin is just more store of value with high ass fees and low transaction time. Also they'll see that Ethereum 2.0 will bring much faster TPS , staking opportunities, lower fees and more!
It's only the second biggest crypto and when people start to really research, they'll see its potential and its still relatively low price. Ethereum will boom like you've never seen before and these are still golden opportunities before the masses arrive.
Moneyflow in these type of extreme market types goes from high-cap to mid-cap to low-cap . Altseason will really start once Ethereum starts to explode. Money will go into lower and lower market caps. When the late majority is stepping into Bitcoin that's where early majority is stepping into alts, atleast imo.