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Time To Start Turning Bullish on Ethereum Against Bitcoin, According to Crypto Analyst – Here's His Outlook


Bullish on ETH/BTC Pair
The analyst highlights that the ETH/BTC pair has been in a downtrend since January 2018, when it hit an all-time high. However, since March of this year, the pair has been showing signs of a potential trend reversal. Credible Crypto believes that the pair is now forming a bullish flag pattern, with the potential to break out and reach new highs.
Trend Reversal in the Making
Not only is Credible Crypto bullish on the ETH/BTC pair from a technical standpoint, but he also points out the strong fundamentals of Ethereum. With the highly anticipated Ethereum 2.0 upgrade set to launch in the coming months, there is a lot of excitement and optimism surrounding the second-largest cryptocurrency.
Fundamentals Supporting the Bull Case
Additionally, the recent surge in decentralized finance (DeFi) applications has brought a lot of attention to the Ethereum network. As more and more projects are built on top of Ethereum, the demand for ETH will likely increase, driving up its price. This is evident in the recent spike in ETH's market dominance, which has surpassed 10% for the first time since 2018.
DeFi Boom Boosting ETH Demand
Credible Crypto also mentions the potential impact of the upcoming Bitcoin halving on the ETH/BTC pair. As Bitcoin's supply decreases, it could lead to a shift in capital towards altcoins like Ethereum, further driving up its price.
Bitcoin Halving Could Benefit ETH
In conclusion, Credible Crypto is bullish on Ethereum against Bitcoin and believes that now is the time to start accumulating ETH. As always, it is important to do your own research and never invest more than you can afford to lose. Keep an eye on these crypto tickers and trending hashtags for more updates on the ETH/BTC pair. #ETH #BTC #Ethereum #Bitcoin #Crypto #CryptoTrading
Time to Accumulate ETH?


Sentiment Result: Positive

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