🐳 ETH and Altcoin momentum followed this July-August.
👉The ETH/BTC pair is considered the level of value of ETH to BTC, also understood as the price expectation that ETH represents for Altcoin compared to BTC. Therefore, the volatility of the ETH/BTC pair is what we need to pay attention to in this content.
👉ETH/BTC in the W frame shows signs of escaping the long-term bearish trendline over the past 2 years. D1 time frame has also shown signs of reversal, supporting price increases
👉ETH/USDT spot delivery is also supported by 2 MA lines at frames D1 and W. It also shows an insignificant decrease compared to the general market. In addition, spot BUY volume of ETH has increased dramatically in the past 2 months. I posted the content about this volume 2 days ago
🔥 This is considered the driving force and value kept for ETH's growth, truly a positive signal for Altcoins in general and ETH in particular. The minimum target for ETH for shortwave alone will soon reach a new ATH instead of being submerged. ALTCOIN will also benefit greatly when their representation is pumped strongly.
🐳Putting together the chain of events and ptkt, I have a pretty good and positive perspective for ETH and the following Altcoin. When after the process of deception and real abandonment, small investors jump into a new, stronger and bigger wave. This is the opinion of Trading Insight, we look forward to receiving everyone's opinions.
