ETH to BTC exchange rate has finally broken through the downtrend line that has suppressed it for several months.
The MACD momentum is starting to gather, and this signal is quite interesting.
It's still too early to draw conclusions, but this could be a sign that the altcoin season is coming. The key is whether ETH can hold this breakout — if it doesn't fall back below the support, then there's a story to tell.
The next few days' movement will be critical; holding the breakout level is necessary to confirm a trend reversal.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
3
Repost
Share
Comment
0/400
ChainDetective
· 12-11 08:50
Wow, is ETH finally turning around? This time it better not be another false breakout...
---
The MACD signal looks good to me, but holding steady is the key.
---
The altcoin season is really here, I need to reduce my position.
---
I'm just worried it might be a trap to lure in buyers; if it breaks down, my mindset will collapse.
---
If it can't hold above the breakout level, it will be awkward and back to square one.
---
A few days of observation, let's see ETH's backbone.
---
Breakouts are easy, but holding is hard. Can this cycle succeed?
---
Don't break through the key support level, or it will all be for nothing.
View OriginalReply0
SignatureCollector
· 12-11 08:50
Finally, the moment has arrived—Will ETH turn the tide?
View OriginalReply0
GasFeeGazer
· 12-11 08:46
Finally, the moment has arrived. If ETH crashes again this time, I will laugh.
ETH to BTC exchange rate has finally broken through the downtrend line that has suppressed it for several months.
The MACD momentum is starting to gather, and this signal is quite interesting.
It's still too early to draw conclusions, but this could be a sign that the altcoin season is coming. The key is whether ETH can hold this breakout — if it doesn't fall back below the support, then there's a story to tell.
The next few days' movement will be critical; holding the breakout level is necessary to confirm a trend reversal.