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Ethereum poised to 50% surge this year against Bitcoin — Fractal analysis

June 17, 2024

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Ethereum’s native token, Ether, will likely explode by over 50% versus its top-ranking rival, Bitcoin, in the coming months, according to a technical setup called the inverse-head-and-shoulders (IH&S).

ETH/BTC breakout setup resembles 2021’s 140% surge

Notably, an IH&S pattern is characterized by the formation of three troughs below a common neckline resistance, such that the middle trough (head) comes to be deeper than the other two troughs (shoulders), which are roughly of the same length.

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