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 lik...