🚨 #ETH IMPORTANT UPDATE:

A more detailed analysis of the ETH/BTC pair shows that, like previous cycles, #Ethereum has experienced a decline after the #Bitcoin halving. Trend reversals have also sparked bull runs in altcoins, occurring 168 days after the 2017 halving and 224 days after the 2021 halving.

We are currently at about 150 days post-halving, and I believe a reversal is imminent as the entire market is influenced and accelerated by the expectations surrounding a #Bitcoin ETF. I should mention that the yellow support line works better on linear charts (like this one) than on logarithmic charts, reinforcing this view by suggesting key long-term support areas. Despite the current decline, #Ethereum is likely to recover soon and pull the entire altcoin market up.