🚀 **Crypto Market Update: ETH/BTC Ratio Flirts with Bullish Trendline!**

- The ETH/BTC ratio is showing signs of hope for Ethereum bulls as it flirts with a bullish trendline from 2016-2017 lows.

- This trendline has consistently restricted downside since January, reminiscent of the 2019-20 accumulation zone that led to a bull market in 2021.

- The MACD histogram indicates downtrend exhaustion, suggesting potential for a renewed upswing.

- However, sophisticated traders remain cautious, with ether call options trading at a lower premium compared to bitcoin.

- Concerns linger over weaker demand for ether spot ETFs and slow network activity on Ethereum.

What are your thoughts on ETH's future? Drop a comment below! 💬