Ethereum grows against BTC, could ETH be the next super-cycle?
Updated
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Weekly view on ETH/BTC
Using a fib retracement we can clearly see the levels of support and resistance as we go into 2022 and beyond - currently price is around the 50% level around 0.082 on 1st Dec 2021
the 0.1 level will be a big test on the resistance and even tho ETH is very strong right against BTC we will still have some plays that allow the price fluctuations to be able to profit from quite easily, just stick to the levels and most of the time it really does respect them and gives us a great guide to set orders if we so wish.
Double top situation or more upside to occur? looks incredibly bullish to me but we could see prices come down to deeper fib levels too
Could ETH start to flip BTC? Will ETH be the stronger coin that leads the supercycle? crystal ball needed or as per usual time will tell, even with high gas fee's, adoption and users creates a power of force that no other coin can really claim still, sure SOL is a better coin but still years away from the adoption ETH has seen
If you think i missed anything or would like to add a comment please feel free to do so below
___________________________________________________________________________________________________
Weekly view on ETH/BTC
Using a fib retracement we can clearly see the levels of support and resistance as we go into 2022 and beyond - currently price is around the 50% level around 0.082 on 1st Dec 2021
the 0.1 level will be a big test on the resistance and even tho ETH is very strong right against BTC we will still have some plays that allow the price fluctuations to be able to profit from quite easily, just stick to the levels and most of the time it really does respect them and gives us a great guide to set orders if we so wish.
Double top situation or more upside to occur? looks incredibly bullish to me but we could see prices come down to deeper fib levels too
Could ETH start to flip BTC? Will ETH be the stronger coin that leads the supercycle? crystal ball needed or as per usual time will tell, even with high gas fee's, adoption and users creates a power of force that no other coin can really claim still, sure SOL is a better coin but still years away from the adoption ETH has seen
If you think i missed anything or would like to add a comment please feel free to do so below
Trade active
UP UP UP!
Note
time to look at swapping some btc for ETH
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