Interesting setup forming in Ethereum,
ETHBTC
had been bearish for a while since the monthly trend turned down in it...
Makes you wonder if the trend will reverse after this bottom pattern formed. We already had one big push with the ETF news, and the chart suggests a 2nd bullish swing is forming (short/mid term).
I do hold some exposure to it, but my largest crypto position is in BTC. I haven't had more ETH than BTC in a long time, probably not worth taking that risk in general, but reassuring for the % allocation I invested in it though.
Best of luck if you use this etup to buy Ethereum.
Cheers,
Ivan Labrie.
ETHBTC
had been bearish for a while since the monthly trend turned down in it... Makes you wonder if the trend will reverse after this bottom pattern formed. We already had one big push with the ETF news, and the chart suggests a 2nd bullish swing is forming (short/mid term).
I do hold some exposure to it, but my largest crypto position is in BTC. I haven't had more ETH than BTC in a long time, probably not worth taking that risk in general, but reassuring for the % allocation I invested in it though.
Best of luck if you use this etup to buy Ethereum.
Cheers,
Ivan Labrie.