#BTCvsETH – who rules the markets this summer?**
🔹 Bitcoin (BTC)
– Currently around $116,800, pullback from daily high of ~119,500 USD.
– In recent weeks, the market has been driven by institutional buying, the establishment of a Strategic Bitcoin Reserve, and the entry into ATH (~123,000 USD) with record growth.
– Technically: a "cup-and-handle" pattern has formed, support at ~$108k; the current consolidation is a phase before a potential move to $135k.
➡️ Bullish scenario: breakout above 119–120k with volume → possible move towards 123–135k
➡️ Bearish scenario: loss of 116k → test of support at ~108k
🔹 Ethereum (ETH)
– Price ~3,683 USD, after testing the range of 3,780–3,850 USD.
– ETH continues a series of 9 rising days and is at its highest since December 2024 (~3,812 USD).
– The ETH/BTC ratio is just breaking out of consolidation, and ETH has technically broken the 200-day SMA (~2,516 USD) and key resistance at 3,000 USD—signals of a possible move to 3,400–3,450 USD.
➡️ Bullish scenario: breakout and close above 3,850–3,900 USD → path to 4,000+
➡️ Bearish scenario: drop below 3,600 USD → possible retests of 3,300–3,400 USD
💡 Conclusions: ETH shows stronger momentum and structural strength, while BTC depends on technical decisions at 119–120k. The ETH/BTC ratio signals an advantage for ETH.
👉 CTA: Click $BTC and $ETH , assess the charts — which asset are you targeting today?