ETH/BTC chart
Ethereum has been rallying of late,and in the last 30 days it has moved up over 38%.
One of the major reasons for this rally could be the upcoming Ethereum Merge (Proof of work and Proof of stake) rumoured to be around 19th September.
Many analysts have argued that results of the #Merge have already been priced in basing on its recent performance, especially against bitcoin.
ETH/BTC could be one of the most important charts right now in #crypto. Ethereum being the biggest #altcoin, its performance from these consolidating levels says alot about the majority of all the other ALTs.
It's been outperforming #bitcoin and we have seen many ALTs wake up from those lows following #eth.
Conversely,if it starts bleeding and breaks that 0.07 support,more blood will be seen in many ALTs and more people will run back to bitcoin (risk on) and the Bitcoin dominance will also rise.
Am watching this chart closely.
You should watch this chart as well.