Analysts and onāchain data suggest strong nearāterm upside for ETH/BTC, hinting at Ethereum outperforming Bitcoin through summerāperhaps even triggering an altcoin season! Letās dive into the details.
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š Bullish Indicators on ETH/BTC
1. Macro Rounded Bottom
A long-term rounded bottom on the ETH/BTC chart signals a potential reversal, matching past cycles from 2017 and 2021. A breakout toward ~0.031āÆBTC could mark a ~155% move from recent lows .
2. Bull Flag Formation
ETH/BTC is carving out a bull flag, with a breakout expected soonāonce volume confirms, a surge of ~30ā35% is possible by August .
3. Cryptosphere Rotation
ETH/BTC just cleared its 200-day MA, combined with weekly RSI breaking a 3-year downtrend. This price+momentum shift is classic for alt-season kickoff .
4. OnāChain Signals
CryptoQuant shows ETH dominated key undervaluation zones, with ETH spot trading volume rising relative to BTC. Historically, such setups preluded 4Ć outperformance .
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š Why Now?
Institutional shiftsācompanies and miners pivoting towards Ethereum for yield (staking) and smartācontract utility .
Upgrades like Pectra are improving transaction efficiency, leading to better user and developer engagement .
Bitcoin dominance peaking at ~64%; altcoins often gain steam after such peaks .
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šÆ Trade Strategy Snapshot
Setup Details
Entry On weekly/monthly close above ETH/BTC downtrendāaround 0.022ā0.023
Target Levels 0.031, then 0.053ā0.081 (long-term)
Stop-Loss Below recent lows (~0.017ā0.018 BTC)
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ā” Alt-Season Amplifier
If ETH continues outperforming, expect wider altcoin gains. July data shows ETH climbed ~2.5% vs BTCās ~1.2%, marking only the 2nd such outperformance this yearāclassic prelude to alt-season .
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āļø Pro Tips
š Combine ETH/BTC chart breakout with volume confirmation.
š§ Watch weekly RSI and 200-day MA for trend reinforcement.
š ļø Manage risk with tight SL and partial profit-taking at each milestone.
š For altcoins, follow ETH strengthābut focus your trades smartly.
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š¬ Your Take?
Are you gearing up for an ETH/BTC breakout, or tracking altcoins as momentum builds? Drop a š„ if you're bullish, or a āļø if you're staying cautious.
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