Since progressive negative views about the world economy - altcoins have underperformed significantly against Bitcoin. This includes Ethereum, which many thought would have been a lot closer to overtaking BTC by market cap at this point. The following fundamental and technical reasons are behind my bullishness on ETH/BTC:
3 main TA points
- Bullish ETH/BTC weekly graph - Low RSI on ETH/BTC - Last candle closed above critical Fib level on ETH/BTC
3 main FA points
- Central Banks world-wide are about to start cutting interest rates, therefore - higher rate of return asset alternatives (bonds) will yield less = additional capital inflow from those assets to crypto - AI hype to spill over to crypto markets - ETH in particular has various uses for AI and/or due to AI hype will be more rapidly utilised.
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