BTC vs ETH ETF
On the left we have the BTC chart and on the right the ETH chart.
The BTC chart is from fall 2023 when BTC ETFs began to be filed and the hype about those ETFs lead us on a monumental uptrend.
From a chart perspective BTC had a double top followed by a double bottom (blue line/ green arrows). When price created that double bottom, that is when BTC ETF speculation began to grown and form a strong bottom before the following rally.
Today we see ETH in the same spot from a chart perspective. A double top followed by a double bottom (blue line/ green arrows) trying to be established as we speak. We have heard rumors we will see the ETH ETF be approved soon which has lead to more filings being placed.
Therefore, are we about to witness an altseason led by ETH that follows a similar pattern to the BTC ETF cycle approval?
The BTC chart is from fall 2023 when BTC ETFs began to be filed and the hype about those ETFs lead us on a monumental uptrend.
From a chart perspective BTC had a double top followed by a double bottom (blue line/ green arrows). When price created that double bottom, that is when BTC ETF speculation began to grown and form a strong bottom before the following rally.
Today we see ETH in the same spot from a chart perspective. A double top followed by a double bottom (blue line/ green arrows) trying to be established as we speak. We have heard rumors we will see the ETH ETF be approved soon which has lead to more filings being placed.
Therefore, are we about to witness an altseason led by ETH that follows a similar pattern to the BTC ETF cycle approval?
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