Ethereum Wants to Divide From Bitcoin
While Bitcoin continues its sideways movements above $41,000 Ethereum It is trading at $2912 with a premium of 1.8%.
We see that altcoins have made a partially green start to the week, led by Ethereum.
When we look at the graph of Ethereum, we see that the drop from February has been broken and a beautiful symmetrical triangle formation has formed. The upper band of the triangle can be followed as support.
ETH/BTC
Ethereum In the Bitcoin chart, we see a similar breakout in the short term. This creates an expectation that an uptrend may come in the short term.
When we look at the Ethereum/BTC chart from afar, we see that the falling trend from December 2021 has also been broken and tested.
All these formations strengthen the expectations that Ethereum can diverge more positively from Bitcoin this week.
Due to the following analysis bitcoin As long as it stays above $40500, we will continue to look at the market positively.
BTC dominance On the other hand, the fact that the graph has turned down strengthens the expectations that a relaxation can be seen in the long-pressured altcoins.
*Not Investment Advice.