ETH/BTC breaking down due to BTC strength

Ethereum / Bitcoin (BINANCE:ETHBTC)

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BINANCE:ETHBTC Ethereum / Bitcoin

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ETH/BTC Is not looking good

⚠️Lost Diagonal Support
⚠️Lost 200 Week Moving Average
⚠️Lost June 2022 lows

Could we see a repeat of the last cycle with a dip into the blue zone for 10 - 12 months with a 30%+ decline? I suspect a shorter timeframe, what do you think?

ETH

BTC

PUKA

Commentaire:

An incredible recapture of the red support line. We have to take it for what it is. WE are back above the most recent June 2022 low. We still have the 200W to content with

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