💠🔶Ethereum/Bitcoin (ETH/BTC) Chart Analysis
📈Pattern: ETH/BTC has broken a long-term resistance after forming an inverted head-and-shoulders structure.
📊Current Phase: After the breakout, price entered a sharp expansion phase, followed by a consolidation flag, indicating bullish continuation potential.
⭕️Implication: A breakout from the consolidation zone would likely extend ETH’s outperformance vs BTC.
✅Impact on Altcoins:
🔸When ETH/BTC rises, it typically signals altcoin strength because Ethereum often leads altcoin rallies.
🔸Sustained ETH dominance over BTC can trigger capital rotation into mid-cap and low-cap altcoins, amplifying gains across the sector.
🔸If ETH/BTC maintains upward momentum, we could see a broader altseason develop.
❇️MY POV: �This chart depicts altcoin bullish momentum building, with ETH acting as the catalyst. If consolidation resolves upward, expect a stronger altcoin market in the short-to-mid term.
�#Ethereum #Altseason #CryptoMarkets