It had been a while since I updated the #ETH /BTC chart, since the last time we have already risen +18% here...

We are seeing a significant improvement in this chart, which explains the recent jump of Altcoins and their strength in the last few days. This new orange region of the chart is where we should maintain as support.

Today, despite having a rather boring and negative day, the altcoins recovered well in the last few minutes to close the daily candle, which helped, of course.

The Economic data came mixed, which didn't disrupt the market for long, and we saw a recovery right after, but it seems to me that Trump's weakness at the end of the day was worse than the data, since when he met with Powell he did not show that anger and audacity he demonstrates away from him and through social media; on the contrary, in person he used phrases like "NO PRESSURE ON POWELL" and the market seemed not to want all that cordiality hahahah, but let's get to what matters on the chart...

We need to keep this above 0.030 at all costs; as long as we do that, the Altcoins will follow well and maintain their strength.

On the 4H chart, things look quite optimistic, the RSI is quite neutral and the EMA 50 is already starting to push this upward, we have good room to rise here, we will do this.

ETH ETFs have been gaining fantastic attention, coinciding with what we need from it at this moment, this is good.

Our next target here is 0.04065, but from here things get tougher, that’s why we necessarily need the Dominance of $BTC to stay below 62.28% and go towards 60.37%. Do this and we will have a significant new rise in Altcoins.

It has followed the plan perfectly so far; we must continue soon!