Bad news for altcoins. 🚨
Ethereum has broken an 18-month uptrend against Bitcoin.
The pair is heading for its eighth consecutive weekly close in the red.
This chart confirms that altcoins are currently losing relative strength.
For altcoins to recover, ETH/BTC needs to bounce from support.
Price must establish a sustained recovery to restore market confidence.
As long as the pair remains below the broken trendline, expect further weakness.
Bitcoin continues to dominate, leaving altcoins struggling to recover.
#ETH #BTC #altcoinseason
Ethereum has broken an 18-month uptrend against Bitcoin.
The pair is heading for its eighth consecutive weekly close in the red.
This chart confirms that altcoins are currently losing relative strength.
For altcoins to recover, ETH/BTC needs to bounce from support.
Price must establish a sustained recovery to restore market confidence.
As long as the pair remains below the broken trendline, expect further weakness.
Bitcoin continues to dominate, leaving altcoins struggling to recover.
#ETH #BTC #altcoinseason
