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Start of a new trend

ETHBTC has recently broken a 2 year trend. While the breakout has now stalled, I see it going further still.
  • The ratio is near values, where it was during the DAO hack. But since then, Ethereum has overtaken Bitcoin in multiple statistics.
  • Breakout from a 2 year trend should not be underestimated. This is a macro scale time frame in crypto, half of Ethereum's overall existence.
  • Upcoming 2 year marathon of constant base layer development and news. Along with the head of CFTC just recently stating that ETH futures are likely to come in 2020, Ethereum will dominate the crypto news for both developers and institutionals. This compared to Bitcoin's singular halving event, which once over, will leave a 4 year gap until the next one.

I dont expect the ratio to behave like a fractal and mirror the last upwards trend. This will more likely be a bit slower and longer climb.

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