ETH-BTC has been in a downtrend since Sept 2022, and the chart is showing some signs of continuation. The chart covers the major of it but here are major points to note:
Small uptrends have been forming and continue to break lower, the current uptrend is taking the form of a common rising wedge
Major downtrend market structure has been respected multiple times (does not mean it will necessarily get hit again)
If this breaks lower, I am looking for the support to come in just below 0.06
This chart is especially important, not only for trading ETH, but because ETH largely represents how most altcoins will perform.
ETH-BTC has been in a downtrend since Sept 2022, and the chart is showing some signs of continuation. The chart covers the major of it but here are major points to note:
This chart is especially important, not only for trading ETH, but because ETH largely represents how most altcoins will perform.