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ETH/BTC rises 34% in a week, but history says that an altseason is still unlikely
Ethereum has recently outperformed Bitcoin in growth, leading to a strong increase in the ETH/BTC trading pair. This rise has sparked hopes for an upcoming altseason.
However, a more detailed analysis of historical data suggests that these expectations may be premature.
The breakout that instilled hope
The ETH/BTC pair has recorded its first breakout since December 2024. For the first time in five months, the pair showed a higher low, which is generally considered a bullish signal. This breakout is significant, marking a 34% increase in just one week.
However, a more detailed analysis of historical data suggests that these expectations may be premature.
The breakout that instilled hope
The ETH/BTC pair has recorded its first breakout since December 2024. For the first time in five months, the pair showed a higher low, which is generally considered a bullish signal. This breakout is significant, marking a 34% increase in just one week.
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