A major breakthrough is coming: ETH/BTC is expected to explode!
Dear friends in the cryptocurrency circle, get ready for the big market!
The performance of ETH and BTC indicates the arrival of a major breakthrough. Ethereum's market value has experienced some fluctuations recently, and the price has now fallen below $3,400. Although ETH has fallen by 3.5% on the weekly chart, while Bitcoin has fallen by 5.8%, ETH has performed more steadily relative to BTC.
According to technical chart analysis, the ETH/BTC pair may see a major turn with the Ethereum spot ETF expected to be launched next week. ETH/BTC has successfully crossed the 365 simple moving average, a sign that may indicate the arrival of the "altcoin season". If Ethereum can break through the threshold of 0.06 BTC, the bull market trend will be further strengthened.
Can the launch of the Ethereum spot ETF boost ETH prices?
We predict that a large amount of capital will pour into the Ethereum ecosystem after the key level is broken. The upcoming Ethereum spot ETF in the United States may be a key force driving this trend. The Ethereum ETF has been severely undervalued and under-hyped this year, and its approval has not caused the same market frenzy compared to the Bitcoin ETF. In fact, this is an overlooked opportunity, without too much expectation or over-hype.
The president firmly believes that as the price of ETH/BTC increases, the entire Ethereum ecosystem will benefit.
This will attract more usage, liquidity and developer participation. Although the altcoin cycle performed flat in the first half of the year, starting in July, the market trend may turn to altcoins, bringing more generous returns to investors.
Recognize the situation and make a plan!
The purpose of coming to this circle is to change your life. Please build a complete plan for yourself:
When to buy? When to sell? What to buy? What is the strategy? How to do risk control?
Now is the best time to make and execute a plan. Get ready for this big market and create a bright future for yourself! 🚀💰
