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Analyst CryptoBullet recently highlighted that the ETH/BTC chart may be forming a bottom, resembling a pattern seen in late 2016. At that time, Ethereum rallied 2,738% over the following months. While such a spike is unlikely in today’s market, the formation is encouraging for investors.
However, expecting a 2,738% surge for ETH in current conditions would imply a climb above $66,000, which is unrealistic. Still, even a fraction of this historical rally could produce significant gains. If Ethereum’s ETH/BTC pair successfully establishes a bottom, it could pave the way for a sustainable rise over the coming months, supported by strong market sentiment. 0 reply
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