See comparison on the chart - practically a mirror image of each other.
Both have a Head and Shoulders pattern long-term, Ethereum's is the inverse of BTC Dominance. BTC Dominance may drop below 50% to the thick yellow line, Ethereum's BTC value may rise sharply to its thick yellow line. Potential for movement beyond those lines is possible.
Remember that USD value may not reflect this in the same way - BTC and Ethereum USD value may go up or down as Ethereum's BTC value rises. That said, I believe Eth's USD value will rise with a significant BTC value change like this.
Both have a Head and Shoulders pattern long-term, Ethereum's is the inverse of BTC Dominance. BTC Dominance may drop below 50% to the thick yellow line, Ethereum's BTC value may rise sharply to its thick yellow line. Potential for movement beyond those lines is possible.
Remember that USD value may not reflect this in the same way - BTC and Ethereum USD value may go up or down as Ethereum's BTC value rises. That said, I believe Eth's USD value will rise with a significant BTC value change like this.
Nota
To support the idea, Ethereum BTC all-time chart looks like a pattern that is prone to repeating:
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.