ETH/BTC pair was trading lower for the last two years or so, but within a higher degree (A)-(B)-(C) correction that can be coming to an end. It's actually moving nicely as expected where we warned our members on May 14th about the completion of an (A)-(B)-(C) corrective setback with the wedge pattern for wave 5 of (C).

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ETH/BTC Daily Chart From May 14, 2024

As you can see today on July 10, ETH/BTC pair bounced from projected 0.045 support area, which can be signal that it’s turning back to bullish mode, especially if breaks back above 0.061 region.

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ETH/BTC Daily Chart From July 10 2024

Regarding dominance in the Crypto market, we still believe that ALTcoin dominance may kick in soon and a new ALTseason could be around the corner. One of the reasons for this view is also ETH/BTC chart, which can be already turning bullish and indicates that Ethereum may start outperforming Bitcoin.

For more analysis like this, you may want to watch below our recording of a live webinar streamed on July 09, 2024: 

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