ETHBTC has broken out of its bull flag pattern and is heading upward toward 0.11 which represents the height/distance of its bull flag pole. This point is also close to the 1.618 extension of the pole.
The mid-May highpoint is the 2.618 extension of the early 2021 ETHBTC upward push.
Conclusion: ETH is expected to outperform BTC over the upcoming months.
The mid-May highpoint is the 2.618 extension of the early 2021 ETHBTC upward push.
Conclusion: ETH is expected to outperform BTC over the upcoming months.