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
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