#ETH /#BTC- the first signs of a reversal🟢

Even though the price of Bitcoin has fallen below $60,000, the altcoin market is still holding up. This is evident in both the dominance indicator (below 55%) and the #ETH#BTCchart.

On 1D, the #ETH#BTCpair once again broke out of the descending parallel channel. To confirm a reversal, we need to see a retest and consolidation above this level.

⚫️ As always, with the rise of #ETH/#BTC, the entire altcoin market is likely to show some strong impulses. Furthermore, the imminent launch of an exchange-traded fund (ETF) will drive new capital into#ETHand all projects within its ecosystem.

Therefore, I am continuing to build my position in#ETHand keeping a close eye on projects that have the potential to deliver 5-10x returns this summer.