This morning, May 29th, $ETH is showing better performance compared to $BTC with a rebound, surpassing the $2,700 mark. In addition to the strong upward momentum of ETH against BTC, there are two more reasons for us to hope for an upcoming Altcoin Season.
Firstly, although BTC has experienced a decline, it remains strong in the $106 - 107K range, which is one of the essential factors for an Altcoin Season to occur; BTC must relinquish some capital to Altcoins.
Secondly, USDT.D has shown signs of breaking support on the Daily and Weekly charts, anticipating a strong downward move next.
Positive news is also supporting the upward trend of the market.
