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2 Comments
tldr; Ethereum (ETH) has reclaimed a key trend line against Bitcoin (BTC), sparking discussions of a potential altseason. Driven by anticipation of spot Ether exchange-traded funds (ETFs) in the US, Ethereum’s price surged, significantly outperforming BTC since mid-May. The ETH/BTC ratio reached a two-week high, indicating Ethereum’s strong performance. Technical analysis suggests this trend line reclaim could signal an upcoming altseason, as historically, such movements have led to higher altcoin prices. The approval of spot Ether ETFs by the SEC has further fueled bullish sentiment for Ethereum.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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