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ETH/BTC UPDATE At the first glance the chart might look bad, but it is Ethereum, it never moves as expected. As you can see, there is a massive bullish pennant (started back in 2017) that was broken downwards by two 2W candles (or 1M candle). However, I tend to believe that this is only a bear trap. ✖️ Bear trap before the upward ETF-related rally on Ethereum that will push not only ETH/BTC, but the whole Ether ecosystem upwards. However, while the price is located below the resistance — our main focus must be at Bitcoin, not Ethereum.

ETH/BTC UPDATE

At the first glance the chart might look bad, but it is Ethereum, it never moves as expected.

As you can see, there is a massive bullish pennant (started back in 2017) that was broken downwards by two 2W candles (or 1M candle). However, I tend to believe that this is only a bear trap.

✖️ Bear trap before the upward ETF-related rally on Ethereum that will push not only ETH/BTC, but the whole Ether ecosystem upwards.

However, while the price is located below the resistance — our main focus must be at Bitcoin, not Ethereum.

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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