🚀 Ethereum's Ether (ETH) Could Soar Over 50% Against Bitcoin (BTC) in the Coming Months! 🌕
A bullish technical pattern called an inverse-head-and-shoulders (IH&S) is forming on the ETH/BTC trading pair chart, and it's a pattern that has historically led to massive gains for Ether against Bitcoin.
Back in 2019-2021, a similar IH&S pattern preceded a staggering 140% price surge for ETH against BTC. And now, the stars seem to be aligning for another potential rally of epic proportions!
The IH&S pattern consists of three troughs, with the middle trough (head) being deeper than the other two (shoulders). If the price breaks above the neckline resistance after the right shoulder forms, it could rise by as much as the maximum distance between the head's lowest point and the neckline.
Currently, the ETH/BTC pair appears to be forming the head of the IH&S pattern. If it completes the right shoulder and breaks above the neckline resistance around 0.061 BTC, the upside target for ETH/BTC could be around 0.084 BTC by year-end, representing over a 50% surge from current levels!
The bullish outlook is further supported by Ethereum's historical price behavior after Bitcoin halvings, where ETH has tended to rally significantly against BTC within a large triangle pattern following the events. $ETH