I want there to be an altseason, I want a ton of alts to fly to the moon and have a crazy fun time. ETH/BTC has broken under a trendline from 2019, never even managed to make it back to it's 2017 highs in the previous cycle. I don't understand how someone can look at this and not worry for the future of alts tbh
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bearish retest of trendline and rejection, if you are bullish on this you would like to see signs of a divergence playing out, otherwise this looks kinda sus
This could just mean btc rips higher, and for longer than expected - should still appreciate in dollar terms
MyCryptoParadise_Nathan
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interesting analysis
Dmitrij1
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Let's see how this weekly candle leave a massive wick down just to recover by 11.59 UTC time on Sunday, same goes to btc, it will close above 69k, if not we going down like crazy fillowing weeks,
Dmitrij1
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In my experience death of ETH were predicted since 2018
abdul20155
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what target you expect 0.035?
kckflpsk8r91
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Noticed this tonight as well although I think it’s spells trouble for ETH specifically. Not all alts.
GokulGururajan
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you expect more pain on the alts?
alipwns2010
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@GokulGururajan, I have no clue. Sometimes charts do this thing where it breaks under a trendline consolidates then surprises everyone and goes right back above. It's just that from this perspective of the chart that I showed it can look a little scary rn. People could also argue Solana overtakes Eth and Alts actually follow that instead, who knows the future, just manage r/r in every trade