Time to go long alt coins? A quick look at the ETH/BTC pair.
Log chart of ETH/BTC with a trendline that has been spot on since 2016. Price coincidently is also falling into support while hitting the trendline as well. We've got a short term sideways trend as additional supporting confirmation for us to take longs on any alt coin's paired with BTC . Could this be the start of the alt coin boom again?
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Looking grim for most of crypto now. Expect for ETH to head into the $200 price range.