Finally stepping in to say it—ETHBTC has likely bottomed.
April marked the final month of its bearish phase, and it just tapped the impulse zone from the last major move, which also lines up with a key range low we haven’t seen since December 2019.
The weekly is starting to show early signs of strength, adding weight to this being a pivotal area.
From a risk/reward standpoint, this is arguably the best
ETHBTC setup in a long time.
Time to act accordingly—this could be the moment many have been waiting for. I expect BTC dominance to give alts some room over the next couple of weeks. The real test comes in July.
ETHEREUM 
ETHUSDT
April marked the final month of its bearish phase, and it just tapped the impulse zone from the last major move, which also lines up with a key range low we haven’t seen since December 2019.
The weekly is starting to show early signs of strength, adding weight to this being a pivotal area.
From a risk/reward standpoint, this is arguably the best
ETHBTC setup in a long time.Time to act accordingly—this could be the moment many have been waiting for. I expect BTC dominance to give alts some room over the next couple of weeks. The real test comes in July.
ETHEREUM ETHUSDTNote
Should see continuation from here! Hopefully it triggers a weekly signal this week! ETHNote
5-week consolidation complete.Starting to add here — taking on some risk just ahead of confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.