Description
⋅ Ethereum is steadily gaining on BTC.
As shown in the chart, we have a lengthy bull flag breakout targeting a move to approximately 0.177 for ETH on the BTC pair.
With the EIP-1559 Ethereum burn activated, there have already been over 70,000 Ethereum burned.
Couple the deflationary component with Ethereum 2.0 staking, and the ETH circulating supply is going to drastically decrease.
I expect an ATH for Ethereum against BTC by end of year.
Thanks!
- CAHLESS