The current ETHUSD weekly is very similar to the BTCUSD daily from the beginning of 2019.
It is likely to follow BTC. Fees on ETH are rising, which creates a positive feedback loop as staking revenue increases.
It is likely to follow BTC. Fees on ETH are rising, which creates a positive feedback loop as staking revenue increases.
Note
also compare with the sol reversal Note
ethbtc shows some rebound signals Note
approval of btc etfs means higher chance for eth etf approval in may/june. so it's likely that the market will price that in now.Note
BTC Dominance had a bear div and a lower high with rsi bear div trendline rejection, indicating momentum shift towards altcoins. Could form a head and shoulders top next. Watching.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.