ETH/BTC : Preparing for the Next Bullish Wave
#ethbtc #ETHđ„đ„đ„đ„ #BTCâ #Write2Earn! #BinanceSquareFamily The ETH/BTC trading pair is set for a long-term uptrend, with historical market cycles suggesting Ether will gain significant value relative to Bitcoin. Here's a breakdown of the key insights and figures :
1. Historical Market Cycles :
- May 2017 marked the end of the first major wave of the cycle for ETH/BTC.
- The correction phase of the second cycle ended in **September 2019**, setting the stage for a new upward trend.
2. Current Cycle (Wave III) :
- The market is currently in the third cycle, with the impulse wave [1] already completed.
- Right now, the market is undergoing a corrective wave [2], which is anticipated to last until **July 2024** to **September 2025**.
3. Price Expectations :
- After the correction, the long-term uptrend will likely resume.
- The minimum target for the next wave is **0.55 Ether per Bitcoin**, a significant increase from current levels.
4. Key Support Levels :
- The correction is expected to reach a minimum of **0.037 Ether per Bitcoin** before the uptrend begins.
- Traders should monitor this level closely as a potential entry point for long-term gains.
5. Future Outlook :
- The projected long-term cycle indicates substantial growth for Ether relative to Bitcoin, aligning with historical patterns of market movements.
- Once the correction is completed, the ETH/BTC ratio could rise significantly, potentially revolutionizing the crypto landscape.
Conclusion & Advice :
ETH/BTC is poised for a major uptrend following the current corrective wave, which is expected to conclude by **2025**. A target of **0.55 Ether per Bitcoin** presents a strong upside opportunity for traders. However, patience is essential as the correction phase may extend into **2024**. Keep an eye on the **0.037 support level** and consider long-term strategies for significant gains in this pair.