ETHBTC long idea
Straight lines point out trends- dashed lines point up support resistance lines.
could go a small amount lower but more upside potential to major resistance range (indicated in red lines above)
Also note the fundamentals:
BTC dominance is very high, a small portion of newcomers but a disproportionate $ amount will be moving to Alts relative to their market cap, away from the gateway coin BTC
BTC dominance has reverted from a high of 72.2%
ETH2.0 expected to make apps cheaper to use, lowering barriers of entry (will not affect in the timeline of this chart) but market will likely buy
could go a small amount lower but more upside potential to major resistance range (indicated in red lines above)
Also note the fundamentals:
BTC dominance is very high, a small portion of newcomers but a disproportionate $ amount will be moving to Alts relative to their market cap, away from the gateway coin BTC
BTC dominance has reverted from a high of 72.2%
ETH2.0 expected to make apps cheaper to use, lowering barriers of entry (will not affect in the timeline of this chart) but market will likely buy
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.