ETH/BTC

Market Analysis of ETH/Bitcoin Valuation - The analysis focuses on the ETH/Bitcoin market cap ratio as a key indicator [1] - The report suggests that the altcoin market on its Bitcoin pair may need to decline further [5] - The analysis considers the potential for ETH/Bitcoin to drop in Q3, which could help altcoin Bitcoin pairs reach range lows [8] - The report highlights the historical rallies of ETH/Bitcoin around May in 2023 and 2024, followed by declines later in the year [3][24] Technical Analysis and Predictions - The analysis is cautious about ETH/Bitcoin breaking through the bull market support band [4] - The report suggests that if ETH/Bitcoin fails to break through the bull market support band in the coming weeks, a drop to find a higher low in Q3 is likely [4] - The analysis considers scenarios where ETH/Bitcoin goes sideways or slightly lower, allowing altcoins to decline on their Bitcoin pairs [25] - The report mentions that ETH dominance wicked below the low from 2019 and had a rally, questioning whether it will break through after rejections [22] - The analysis suggests that a bullish setup would be ETHUSD going lower while ETH/Bitcoin puts in a higher low [33] - The report considers the possibility of ETH/Bitcoin repeating the pattern of the last cycle, with a rally followed by a period of struggle and then renewed strength [36]