Is Altseason incoming? Ethereum has just reclaimed the key trend line against Bitcoin
Since May 15, ETH has surged approximately 30%, compared to BTC’s modest 9% gain. This performance is reflected in the ETH/BTC ratio, which reached a two-week high of 0.05854 on May 23, marking a 31% increase.
The ETH/BTC ratio is reversing from a 7 year support trend line. Historically, when prices bounce from this line, altcoin prices tend to trend higher.
What do you think?
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