Ethereum's trend against Bitcoin continues to strengthen: The biggest altcoin season since 2017 is coming!
After the 2021 bull run, the wait for a strong altcoin season had to end in early 2024. Unfortunately, the bulls gave up after BTC prices hit new highs and forced the market to maintain a downward consolidation. When people were skeptical about the possibility of an altcoin season, the possibility of starting was only one step away.
The short-term price trend of ETH/BTC shows that Ethereum is about to face some weakness against Bitcoin as the level is about to hit the lower support level. The RSI keeps forming lower lows and highs and may eventually reach the lower support area.
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First, however, during the altcoin season, the level needs to maintain a strong upward trend thereafter. Once the level surges above 0.085 to 0.09 BTC, traders can expect highs, which may be followed by a price crash.
