According to recent insights from Cointelegraph, the Ethereum to Bitcoin (ETH/BTC) trading pair is currently exhibiting a bullish technical formation known as the “Cup and Handle pattern”. This pattern, alongside a concurrent “Bull Flag pattern”, suggests an anticipated price increase ranging from 30% to 55%. Analysts believe that if the ETH/BTC exchange rate surpasses a significant resistance level, it could catalyze a substantial altcoin season, reminiscent of the market movements observed in 2017 and 2021. Focusing on technical indicators, a breach of the neckline at 0.02596 could propel the price towards a target of 0.03814 by July, reflecting a potential upside of 55%. This target corresponds with established resistance levels noted since December 2024.
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