#AltcoinBreakout

Trend Tilts in ETH’s Favor

Technically, CCN examined the ETH/BTC chart. We observed that the pair has broken out of a bull flag.

This indicates that ETH’s price is on the front foot compared to BTC. Further, the Chaikin Money Flow (CMF) is far above the zero signal line, indicating increasing buying pressure for Ethereum over Bitcoin.

To support this, the green line of the Supertrend is below the pair, suggesting strong support for the uptrend. If sustained, the ETH/BTC pair might break above the 0.382 Fibonacci level and reach 0.035.