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Allenvik
Jun 15, 2021 5:36 AM

ETH will gain ground over BTC Long

Ethereum / BitcoinBinance

Description

ETH lost some confidence during the lows on BTC, when BTC revisited the 31k. No knowing the future, heavy bag holders of ETH, sold their stakes making ETH lose a lot of ground over BTC in the last 2 weeks.

However, now that BTC was able to make a bullish move and recover the 39k, ETH investors are starting to realize the opportunity to get back in, and so I expect ETH to move higher towards the top edge of this bullish symmetrical triangle and perhaps beyond.

IMO ETH has the potential to reach as high as 0.1-0.25 of BTC, a bold call I know, but it is what I think.
Comments
CryptoAlkaline
Let's have a look at BTC dominance! Great analysis!
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