How I'm trading ETH on BTC & USD pair. I see a potential huge cup & handle forming on the USD pair while BTC pair still seems to be in accumulation zone. ETH hasn't broken out to an ATH while Bitcoin has doubled past it's ATH from 2017.
Bitcoin is seen as a finished product while ETH is building stronger fundamentals with ETH2 PoS network & and the growing DeFi usage & TVL. The developer community behind ETH is extremely vibrant and programmable money as of right now is Ethereum
There is obviously layer 1 competition from DOT, ADA, ALGO, AVAX, ATOM but not enough developer resources to make the most popular DApps transfer scaling resources from layer 2 solutions like ZK & Optimism.
I expect $2,368 Ether by mid September of this year.
Bitcoin is seen as a finished product while ETH is building stronger fundamentals with ETH2 PoS network & and the growing DeFi usage & TVL. The developer community behind ETH is extremely vibrant and programmable money as of right now is Ethereum
There is obviously layer 1 competition from DOT, ADA, ALGO, AVAX, ATOM but not enough developer resources to make the most popular DApps transfer scaling resources from layer 2 solutions like ZK & Optimism.
I expect $2,368 Ether by mid September of this year.
