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While I personally think this might be outdated (blueprints don't work forever).
What if the entire cycle up untill now was still Phase 1?
The main star of the show still and only Bitcoin? (check dominance)
What if the recent and subtle outperformance of Ethereum is still only the early beginning of stage 2?
What if what if? 👀
9.7. klo 17.26
ETHBTC creeping up again.
Still maintaining a key structural level for more upside.
Ever since the drop in May, it made a strong reversal and changed trends that hasn't been broken ever since yet.
Personally think that if Bitcoin breaks it prior highs (which it will) we'll see a temporary halt to Ethereum outperformance again.
Attention will shift mainly to Bitcoin again while it surges.
But the days of heavy Ethereum underperformance are very likely over. It's visibly catching up right now.
And more than that? It'll likely continue to retrace a solid portion of its downtrend from before.
ETHBTC might not see prior all-time highs again but upside is there.
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