In this technical analysis, we will examine the Ethereum to Bitcoin (ETH/BTC) trading pair with a focus on potential price movements in the near future. The analysis is based on the assumption that Bitcoin could experience a significant upsurge upon the approval of a Bitcoin ETF. Historical Overview: To begin our analysis, it's crucial to understand the...
Ethereum has been lagging the growth of bitcoin by some margin all year. The ratio of its price to bitcoin has been on decline. Long-term tracking of the Elliott Wave count of the ETHBTC market now indicates that this bear market cycle for the pair is over, as we can fully account for completed waves, while simultaneously hitting the long-term support trend...
Looking at trend lines and support lines for ETH/BTC. How low can we go?
ETHBTC At the lowest level. Im looking for rebound here
Historical (2020): Pre-Bitcoin Halving Pump (January 7 - February 15, 2020): There was a significant increase in Bitcoin's value leading up to its halving event. Post-Pump Correction: Following this pump, the ETH/BTC pair corrected downwards until the actual Bitcoin halving event. Post-Halving Surge: After the Bitcoin halving, the market observed a...
I still watch this pair every day even though I dislike the entire Ethereum ecosystem. But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!. And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum...
Great spot for a very small speculation entry. Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent. I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC. (note)...
An update on last week’s chart. ETH has finally made a lower low on price vs. BTC on the weekly chart, something I have been watching for for over a month. This gives us potential bullish divergence coming out of oversold RSI on the weekly chart, a huge signal of future upside. Weekly divergence can take months to play out, and we can see the divergence remain...
If you look at the supply-demand ETH/BTC pair historical chart and BTC halving you will see the correlation with every halving and a bull run. There are ways to interpreted I always find the ETH/BTC pair as another "tell" or tool to reference the overall market trend
The future is already written on cycles. Waste no time, the demand for ETH and ALTs is about to explode and you should be paying attention because right now is the best time to change all of your BTC for ETH and enjoy a more profitable run. After we get the current support, the bear will begin only in 2026 at resistance, while the next bull is already scheduled...
Last time ETH started to dominate BTC after hitting two times the 31MA. This may take still a long time to arrive. Coming weeks should be the determining moments for ETHBTC ratio.
I have been sharing this idea for months, ever since Ethereum hit oversold on the Bitcoin pair for only the fourth time in history. Each of these incidents has marked a bottom. This time we also have potential bullish divergence, which will require a weekly close below .052. Right now price is there. This would make a higher low on RSI and a lower low on price....
A curved channel clearly showing bottoms and peaks. A rise to the middle of this channel would put ETHBTC at around 0.12. Big rise.
ETH/BTC is now in HTF range bottom with an upside opportunity of 70% until range high. Ethereum ETH is the only other cryptocurrency beside Bitcoin BTC that is now being considered for an ETF. Everyone's attention has been disproportionately given to Bitcoin, while TA and inflow models show both range-low price and reaccumulation patterns. Range top target is...
The Eth/Btc chart is reaching a critical decision zone with the orange trend line going back 7 years. I confirmed break down could signal severe underperformance by Ethereum relative to Bitcoin silencing the flippening narrative and giving the maxis something to cheer about. I think Bitcoin is a long term hold until things get astronomical. 2024 could see highs...
Only 3-4 times RSI on this pair got oversold. Bullish Div on Weekly for ETH/BTC A nice pump for ETH comes soon. And then Alts A short term Get out when BTC at 48-51k
#ETHBTC Update "Things are now in motion that cannot be undone" - Gandalf Number Go Up