ETH has been bleeding against BTC for a long time and is now sitting at major support around 0.028. Selling momentum is slowing down, and price is compressing. This is usually how bottoms form. ETH doesn’t need to pump yet. It just needs to stop falling. Once ETH/BTC starts trending upward, that’s when altcoins across the market begin to outperform. This chart is very close to a turning point.
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ETH/BTC update -feb 24
ETH has been bleeding against BTC for a long time and is now sitting at major support around 0.028.
Selling momentum is slowing down, and price is compressing. This is usually how bottoms form.
ETH doesn’t need to pump yet. It just needs to stop falling.
Once ETH/BTC starts trending upward, that’s when altcoins across the market begin to outperform.
This chart is very close to a turning point.