Ethereum Price Prediction: ETH/BTC Shows Signs of Recovery, Analysts Predict Potential 30% Breakthrough
As the cryptocurrency market begins to circulate expectations of a new round of "alts season", Ethereum (ETH) shows strong recovery signals against Bitcoin (BTC). Technical analysts point out that the ETH/BTC exchange rate chart is forming a key bullish pattern. Ethereum's potential strong performance also boosts the sentiment of the entire altcoin market. Currently, the total market capitalization of alts, excluding Bitcoin, is testing a critical historical rising trend support line. If historical patterns repeat, a successful breakout of the current resistance level is expected to push the total market capitalization of alts towards the $2 trillion mark. However, if there is resistance at this key level and a pullback occurs, it may indicate that the market needs to undergo one last pullback before initiating a sustained rise.
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