Ether vs. Bitcoin teases 170% gains as ETH price breaks 5-month downtrend
Cointelegraph
Ether shows potential for a 170% gain against Bitcoin by repeating historical bull market patterns.Summary
New analysis suggests Ether (ETH) is poised for significant gains against Bitcoin (BTC), potentially reaching 170% returns based on patterns observed during the 2021 bull run. Trader Mags noted that the ETH/BTC pair bottomed out in April, mirroring the exact lows that preceded a major rally. If this pattern repeats, ETH could reach 0.092 BTC, equating to approximately $8,500. Furthermore, ETH/BTC has broken out of a nearly six-month downtrend, with analyst Michaël van de Poppe suggesting that if ETH holds current resistance as support, a rally toward $3,700 is possible. Separately, Bitcoin analysis suggests a potential retest of $100,000 in the coming week if the $91.5K support level holds.
(Source：Cointelegraph)