📊 $BTC vs $ETH – Symmetrical Triangle Patterns

BTC (Bitcoin) broke out of a long-term symmetrical triangle, confirming a strong bullish continuation after a period of consolidation. This breakout was accompanied by high volume and strong momentum, pushing price into parabolic territory.

ETH (Ethereum) is still trading within a similar symmetrical triangle formation on the weekly timeframe. The price is approaching the apex, indicating a potential breakout soon. Historically, such formations resolve with a significant move, and given BTC’s prior action, ETH may follow with a breakout to the upside if buying pressure increases.

🔍 Key Takeaways:

BTC breakout = bullish confirmation of trend continuation.

ETH setup = coiling for a breakout, likely mirroring BTC’s past pattern.

Watch for volume spikes and weekly candle closes above resistance (~3,900) for ETH confirmation.

⏳ Patience is key. This is a textbook example of how BTC often leads the market, with ETH lagging slightly behind