Crypto 349

07/18 18:08

Market analyst and founder of Alphractal, Joao W

Market analyst and founder of Alphractal, Joao Wedson, identified a striking pattern between Ethereum and Bitcoin.

According to their research, ETH tends to rally 28 days after Bitcoin reaches a new all-time high, likely driven by liquidity rotation from profits realized on BTC.

Historical data supports this idea. In both 2017 and 2021—when Bitcoin traded above $19,000 and later above $68,000—ETH followed with explosive gains.

In the 2017 cycle, ETH surged over 100% while BTC lost 30%. In another phase, ETH jumped 80% as BTC dropped 20%.

Based on the same pattern, the countdown has likely begun. Bitcoin hit a new all-time high of $123,000 on the 14th of July, before declining, potentially setting the stage for Ethereum’s breakout.

AMBCrypto has taken the analysis further by assessing sentiment using the ETH/BTC chart.

#Claim1,200 USDT in the Monthly Creation Challenge#HTX 12th-Anniversary Carnival#BTC price hits a new high of $120,000! #Do you think DELOREAN is promising?#HTX DAO Listing Governance is LIVE!

2Share