Looks likes ETH is breaking out of BTC pair

[pawanjain]

Ether is really a good altcoin when compared to any other altcoin. It has great potential since its better tech wise and has far better use cases than bitcoin.
Doesn't mean that it will beat bitcoin in terms of price any time soon. I really like ETH and BTC and so I have equally invested in both while keeping high hopes from ETH since has more room to grow then BTC 

[1715413834]

1715413834

[ufaiz50]

Hi guys,

It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY

What do you guys think ?

Anyone has seen the market today, how much is altcoin dominance? I'm not sure that ETH will do that. Almost all altcoins that are at the top of the digital currency and have a large community, use BTC pair of their digital currency. There is still a lot of bitcoin dominance in the market, ETH will lose demand in market if they delete ETH/BTC.

[supercanada1]

Hi guys,

It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY

What do you guys think ?

Anyone has seen the market today, how much is altcoin dominance? I'm not sure that ETH will do that. Almost all altcoins that are at the top of the digital currency and have a large community, use BTC pair of their digital currency. There is still a lot of bitcoin dominance in the market, ETH will lose demand in market if they delete ETH/BTC.

Nothing can beat bitcoin for sure. Bitcoin is the whole reason why altcoins are surviving in this world. Ethereum is nothing without bitcoin. The whole digital coin depends on the king of crypto currencies, bitcoin. As far as the matter of dominance goes, bitcoin was is and will remain the dominant and no coin can takes it place. All of us can blindly trust bitcoin and altcoins need it for their survival.

[Tungsten-1]

Hi guys,

It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY

What do you guys think ?

Anyone has seen the market today, how much is altcoin dominance? I'm not sure that ETH will do that. Almost all altcoins that are at the top of the digital currency and have a large community, use BTC pair of their digital currency. There is still a lot of bitcoin dominance in the market, ETH will lose demand in market if they delete ETH/BTC.

Nothing can beat bitcoin for sure. Bitcoin is the whole reason why altcoins are surviving in this world. Ethereum is nothing without bitcoin. The whole digital coin depends on the king of crypto currencies, bitcoin. As far as the matter of dominance goes, bitcoin was is and will remain the dominant and no coin can takes it place. All of us can blindly trust bitcoin and altcoins need it for their survival.

At least there are still investors who are completely aware of the worth and potential of bitcoin. Bitcoin is soon going to again jump to 15k usd above by the next year beginning. If we want to see soon increase in the value, we ought to keep supporting bitcoin by either keeping it in wallets or by buying more and more of it.

[Clement Kaliyar]

its about time that ETH overtakes bitcoin. its just much more useful. all the DEFI contracts and custom tokens... bitcoin is a rigid dinosaur but brings nothing new to the table.

We have a Ethereum fan here, looks like you made a billion dollars with all the DEFI contracts and custom tokens and a few billions is shared by the scammers  . If bitcoin is a rigid dinosaur then Ethereum is the scammer free heaven where any stupid could create a token and sell them for money and fool people and what about the network issue they are facing now, Ethereum is called the world computer but the network is congested as shit .
The transaction fees in bitcoin is really low how is the fees in the ETH network now ?  .

[Omega Weapon]

its about time that ETH overtakes bitcoin. its just much more useful. all the DEFI contracts and custom tokens... bitcoin is a rigid dinosaur but brings nothing new to the table.

If it wasn't for bitcoin then this market will not exist at all, at least have some respect for the coin that still is the best in the world and that most likely will remain that way for a very long time, I know some members of the forum are not really happy about the speed of the development of bitcoin, but when there is so much money invested already in it you cannot risk making a mistake and then losing credibility, the developers need to make sure that whatever change they apply to bitcoin it works flawlessly.

[Wend]

Hi guys,

It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY

What do you guys think ?

Anyone has seen the market today, how much is altcoin dominance? I'm not sure that ETH will do that. Almost all altcoins that are at the top of the digital currency and have a large community, use BTC pair of their digital currency. There is still a lot of bitcoin dominance in the market, ETH will lose demand in market if they delete ETH/BTC.

Nothing can beat bitcoin for sure. Bitcoin is the whole reason why altcoins are surviving in this world. Ethereum is nothing without bitcoin. The whole digital coin depends on the king of crypto currencies, bitcoin. As far as the matter of dominance goes, bitcoin was is and will remain the dominant and no coin can takes it place. All of us can blindly trust bitcoin and altcoins need it for their survival.

At least there are still investors who are completely aware of the worth and potential of bitcoin. Bitcoin is soon going to again jump to 15k usd above by the next year beginning. If we want to see soon increase in the value, we ought to keep supporting bitcoin by either keeping it in wallets or by buying more and more of it.

Im still fan of bitcoin its more than years im using and buying some bitcoin from the market, And bitcoin its not easy to surpass in any coins even do from the top coin list in the market. And its true bitcoin can be going to pump again and reach $15k or $20k in a future for bitcoin but now bitcoin are struggle and drop on the price of $7k but it can recover soon we need to wait for now.

[Ejanend]

Hi guys,

It looks like ETH/BTC is breaking out of a H&S formation.
Here my analysis : https://youtu.be/sAupjJ3uZlY

What do you guys think ?

Anyone has seen the market today, how much is altcoin dominance? I'm not sure that ETH will do that. Almost all altcoins that are at the top of the digital currency and have a large community, use BTC pair of their digital currency. There is still a lot of bitcoin dominance in the market, ETH will lose demand in market if they delete ETH/BTC.

Nothing can beat bitcoin for sure. Bitcoin is the whole reason why altcoins are surviving in this world. Ethereum is nothing without bitcoin. The whole digital coin depends on the king of crypto currencies, bitcoin. As far as the matter of dominance goes, bitcoin was is and will remain the dominant and no coin can takes it place. All of us can blindly trust bitcoin and altcoins need it for their survival.

At least there are still investors who are completely aware of the worth and potential of bitcoin. Bitcoin is soon going to again jump to 15k usd above by the next year beginning. If we want to see soon increase in the value, we ought to keep supporting bitcoin by either keeping it in wallets or by buying more and more of it.

Im still fan of bitcoin its more than years im using and buying some bitcoin from the market, And bitcoin its not easy to surpass in any coins even do from the top coin list in the market. And its true bitcoin can be going to pump again and reach $15k or $20k in a future for bitcoin but now bitcoin are struggle and drop on the price of $7k but it can recover soon we need to wait for now.

If you are with bitcoin then bitcoin is also with you. I mean to say, bitcoin makes its loyal investors rich and improves their living standards. It is due to this digital currency that even teenagers like Eric become millionaire. It wont be wrong if we call bitcoin a miracle. It is one amazing innovation which does not only gives back big rewards but also is the future of our money.

[Genemind]

It's a good news that altcoins are now starting to recover especially Ethereum. It's the best time for most investors to regain their trust for altcoins again. However, I don't see it as an indication that altcoins could take over Bitcoin because we all know how strong the foundation of Btc is. It will still remain on top and will surely gain a better price soon.

[iamaruf]

Your analysis is good Enough.but if you go back to 2017 i saw bitcoin price was 2000$ that time eth was something like 0.04 to 0.038/ETH.Now ETH is 0.02btc/ETH.still lower than before.in my conclusion ETH is not breaking out of btc pair even lower than before.I don't know in future ETH can breakout BTC pair or not.     

[Jating]

It's a good news that altcoins are now starting to recover especially Ethereum. It's the best time for most investors to regain their trust for altcoins again. However, I don't see it as an indication that altcoins could take over Bitcoin because we all know how strong the foundation of Btc is. It will still remain on top and will surely gain a better price soon.

What do you mean that Ethereum has started to recover? The price is still way below, $160, and the lowest price it got is around $80 so I don't see any recovery with it.

The only good thing about Ethereum though is that they have a plan to release ETH 2.0 next year January. Just a couple of months from now. But since the market is still on the bearish trend, we don't know if this is a catalyst to at least see the price hovering $300-$500 and say that it is out of the woods already.

[ReiMomo]

~snip~
The only good thing about Ethereum though is that they have a plan to release ETH 2.0 next year January. Just a couple of months from now. But since the market is still on the bearish trend, we don't know if this is a catalyst to at least see the price hovering $300-$500 and say that it is out of the woods already.

I saw this in the article somewhere out there that they are going to have a new version of Ethereum and the fess quite high and almost the same with bitcoin. But I forgot where I did found those articles. But in my personal opinion, Ethereum will remain altcoin and it is impossible to bypass the current price of bitcoin. But we really don't know and hoping always bitcoin is on the top of the crypto price always.

[BitHodler]

The only good thing about Ethereum though is that they have a plan to release ETH 2.0 next year January. Just a couple of months from now. But since the market is still on the bearish trend, we don't know if this is a catalyst to at least see the price hovering $300-$500 and say that it is out of the woods already.

I agree. I have bought myself into Ethereum because I'm more than interested in how the POS plan will work out, so I made sure I have at least 32ETH to be able to stake on my own.

I do have to say that I'm 50/50 on this because I'm not entirely sure if Ethereum will be leaving POW entirely, which increases the odds of a chain split because the miners obviously don't look forward to that.

If it turns out to be one big failure in the end, I'm still fairly sure that I'm turning a profit because my average overall buying price is ~$100 per coin.... a lot needs to happen for Ethereum to drop below $100 again.

[Faxmate]

its about time that ETH overtakes bitcoin. its just much more useful. all the DEFI contracts and custom tokens... bitcoin is a rigid dinosaur but brings nothing new to the table.

We have a Ethereum fan here, looks like you made a billion dollars with all the DEFI contracts and custom tokens and a few billions is shared by the scammers  . If bitcoin is a rigid dinosaur then Ethereum is the scammer free heaven where any stupid could create a token and sell them for money and fool people and what about the network issue they are facing now, Ethereum is called the world computer but the network is congested as shit .
The transaction fees in bitcoin is really low how is the fees in the ETH network now ?  .

Ethereum is not a poor digital coin. Though it is not too much profitable but again, it has remain at the top of altcoins since beginning. However, it is not a coin that can be compared with bitcoin. Actually, there is no asset on the face of Earth that can be called as rival or potential enough to beat bitcoin. Bitcoin is the best of the best and it is the whole reason why altcoins like ethereum are still alive.

[Arkann]

It's a good news that altcoins are now starting to recover especially Ethereum. It's the best time for most investors to regain their trust for altcoins again. However, I don't see it as an indication that altcoins could take over Bitcoin because we all know how strong the foundation of Btc is. It will still remain on top and will surely gain a better price soon.

What do you mean that Ethereum has started to recover? The price is still way below, $160, and the lowest price it got is around $80 so I don't see any recovery with it.

The only good thing about Ethereum though is that they have a plan to release ETH 2.0 next year January. Just a couple of months from now. But since the market is still on the bearish trend, we don't know if this is a catalyst to at least see the price hovering $300-$500 and say that it is out of the woods already.

Perhaps the bear market will only benefit Ethereum, because in my opinion it will make it possible to get rid of all the junk coins that are on the cryptocurrency market and clog the Ethereum blockchain.  At least Ethereum already has a transaction speed much higher than Bitcoin and this already makes it a direct competitor and a contender for a leadership position.  For some reason, it seems to me that in the near future we will be able to see Ethereum as a means of payment much faster than this will happen with Bitcoin.  In addition, the erc20 platform is really a very good opportunity for new projects, but only in this case it would not hurt to carry out a certain control among all new projects in order to avoid fraud.

[Omega Weapon]

Your analysis is good Enough.but if you go back to 2017 i saw bitcoin price was 2000$ that time eth was something like 0.04 to 0.038/ETH.Now ETH is 0.02btc/ETH.still lower than before.in my conclusion ETH is not breaking out of btc pair even lower than before.I don't know in future ETH can breakout BTC pair or not.     

Many only seem to care about the price of ETH in dollars but as of late ETH is unable to recover and breakout out of BTC, when that happens this could be an indication of an impending altcoin season, but even now ETH cannot do it, it seems all the interest from new and old investors is on bitcoin, the bitcoin dominance which has been going down slightly during the last weeks is once again above 67% and if we reach a new all time high then it could be even higher than that.

[Jating]

It's a good news that altcoins are now starting to recover especially Ethereum. It's the best time for most investors to regain their trust for altcoins again. However, I don't see it as an indication that altcoins could take over Bitcoin because we all know how strong the foundation of Btc is. It will still remain on top and will surely gain a better price soon.

What do you mean that Ethereum has started to recover? The price is still way below, $160, and the lowest price it got is around $80 so I don't see any recovery with it.

The only good thing about Ethereum though is that they have a plan to release ETH 2.0 next year January. Just a couple of months from now. But since the market is still on the bearish trend, we don't know if this is a catalyst to at least see the price hovering $300-$500 and say that it is out of the woods already.

Perhaps the bear market will only benefit Ethereum, because in my opinion it will make it possible to get rid of all the junk coins that are on the cryptocurrency market and clog the Ethereum blockchain.  At least Ethereum already has a transaction speed much higher than Bitcoin and this already makes it a direct competitor and a contender for a leadership position.  For some reason, it seems to me that in the near future we will be able to see Ethereum as a means of payment much faster than this will happen with Bitcoin.  In addition, the erc20 platform is really a very good opportunity for new projects, but only in this case it would not hurt to carry out a certain control among all new projects in order to avoid fraud.

Probably, but that whole theory was tested already in the bullish cycle we have in 2017. So projects will continue to used their ERC-20 no matter if it will clogged their main net or not, as long as there are incentives and people are going to invest money on IEO/ICO it doesn't matter.

That's why we need to look at their ETH 2.0 first, but as @BitHodler have pointed out, maybe ETH will not leave POW entirely that could really affect the miners or those who have invested so much to min ETH as of today.

[iamaruf]

Your analysis is good Enough.but if you go back to 2017 i saw bitcoin price was 2000$ that time eth was something like 0.04 to 0.038/ETH.Now ETH is 0.02btc/ETH.still lower than before.in my conclusion ETH is not breaking out of btc pair even lower than before.I don't know in future ETH can breakout BTC pair or not.     

Many only seem to care about the price of ETH in dollars but as of late ETH is unable to recover and breakout out of BTC, when that happens this could be an indication of an impending altcoin season, but even now ETH cannot do it, it seems all the interest from new and old investors is on bitcoin, the bitcoin dominance which has been going down slightly during the last weeks is once again above 67% and if we reach a new all time high then it could be even higher than that.

Yeap.people only looking at ETH price in $ not in btc. According to coingecko btc is 52.77% lower than ATH and  ETH is 82.327% lower than ATH.so till now eth lower than btc pair. Maybe one day eth can break out btc price.But It's really hard for eth.   

[dark08]

It's a good news that altcoins are now starting to recover especially Ethereum. It's the best time for most investors to regain their trust for altcoins again. However, I don't see it as an indication that altcoins could take over Bitcoin because we all know how strong the foundation of Btc is. It will still remain on top and will surely gain a better price soon.

What do you mean that Ethereum has started to recover? The price is still way below, $160, and the lowest price it got is around $80 so I don't see any recovery with it.

The only good thing about Ethereum though is that they have a plan to release ETH 2.0 next year January. Just a couple of months from now. But since the market is still on the bearish trend, we don't know if this is a catalyst to at least see the price hovering $300-$500 and say that it is out of the woods already.

Perhaps the bear market will only benefit Ethereum, because in my opinion it will make it possible to get rid of all the junk coins that are on the cryptocurrency market and clog the Ethereum blockchain.  At least Ethereum already has a transaction speed much higher than Bitcoin and this already makes it a direct competitor and a contender for a leadership position.  For some reason, it seems to me that in the near future we will be able to see Ethereum as a means of payment much faster than this will happen with Bitcoin.  In addition, the erc20 platform is really a very good opportunity for new projects, but only in this case it would not hurt to carry out a certain control among all new projects in order to avoid fraud.

Even theres an IEO in the market I can say that ethereum is very usefull in the market but I'm excited to the ethereum 2.0 and looking forward for more volatility of its price like what happen on 2017 bullish run.

[BitHodler]

According to coingecko btc is 52.77% lower than ATH and  ETH is 82.327% lower than ATH.so till now eth lower than btc pair. Maybe one day eth can break out btc price.But It's really hard for eth.   

I know it's not going to happen, but people should ignore that $1.4k all time high of Ethereum because the demand factor has changed a lot since then.... it's no longer the ICO's being the driver of demand, but actual usage.

Ethereum technically doesn't have to go up a lot because people need to have just enough of it to fund the fees for the applications running on top of it, which is why their plans to go POS will be a make or break type of event.

I'm pretty sure that if people weren't hoarding Ethereum for their POS upgrade, the price would probably hover below the $100 mark today....