ETH/BTC weekly breaks through the small-level resistance line,


it should outperform BTC from now until late August or early September when it encounters a larger-level resistance.
Whether it can go higher and farther in the future still depends on whether it can break through the major-level pressure line that has persisted for four years.
But at least in the short term, it can outperform BTC. Based on the numbers in the chart, I've already calculated for you:
If BTC is hovering around 60k, ETH will reach 2,150 by the end of August;
If BTC goes to 52,000, ETH will reach 1,820 by the end of August;
If BTC goes to 48,000, ETH will reach 1,680 by the end of August.
In plain English:
- Referencing the late bear market trend of 2022, ETH's rebound significantly outperformed BTC.
And when BTC had its final drop, ETH did not break below its previous low.
- If we extrapolate from that this year, the rebound of ETH starting now will significantly outperform BTC.
If BTC indeed has the long-awaited final drop this year, ETH will not break below its previous low (1,500).
ETH5.41%
BTC0.85%
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