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ETH/BTC historically predicted altseasons. Is it set to signal another one?
ETH/BTC is currently in its longest downtrend ever, which kicked off following the introduction of the Merge update in September 2022. However, the weekly chart indicates that bearish momentum could be waning. The Volume Oscillator has been registering higher lows while the price made lower lows, indicating a bullish divergence. This signals that Ether buyers may be gradually stepping in, which could lead to either a trend reversal or a slowdown in the downtrend. The RSI shows a similar picture, reinforcing the idea that Ethereum could soon begin outperforming Bitcoin. VPVR analysis of ETH/USD shows that the largest ... (full story)