Ethereum's dream of $36,000, can it reverse in Q1? ETH/BTC has a hidden turning point!
ETH long-term holders are full of confidence, accounting for up to 75%, crushing BTC's dominance below 60%! But the reality is that ETH has been left behind by BTC in the past year, and the ETH/BTC ratio has fallen to a 4-year low of 0.30. Now, a double bottom pattern has emerged. Does this indicate that a rebound is about to start?
ETH short-term support: bottoming out in the $3,000-3,300 range, and the rebound target is directly at $3,600!
ETH/BTC ratio: With the formation of a double bottom, ETH may reverse its weakness and usher in spring.
Institutional capital trend: BTC is still a hot commodity, but ETH ETF has shown signs of recovery, and a reversal is just around the corner.
The key point is whether ETH can recover the 50-day EMA, and a breakthrough will become the starting point for a comprehensive counterattack by bulls. The market is optimistic, but don't forget that history tells us that faith is important, but profit is king!
Insight into the market rhythm is the beginning of controlling wealth! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Follow Lao Tan and never let the opportunity slip away!
