The ETH/BTC chart is showing a falling wedge into a support level wrapped inside an inverted head and shoulders pattern. Additionally, from a seasonality perspective, the ETH/BTC bottom was in October and September the past two cycles. Furthermore, the Proto-Danksharding upgrade is expected to arrive later this year which is likely to give the price a boost leading into the upgrade.
I expect the ETH/BTC valuation to roughly remain above the yellow horizontal line and break to the upside of the falling wedge this year.
I expect the ETH/BTC valuation to roughly remain above the yellow horizontal line and break to the upside of the falling wedge this year.