An inverse head-and-shoulders pattern and bullish momentum signals point to ETH gaining ground on Bitcoin in the weeks ahead.
Ethereum’s native token, Ether (ETH), may increase 75% versus Bitcoin (BTC) by New Year’s, according to a maturing bullish reversal setup on its weekly chart.
The ETH/BTC pair has been forming what appears to be an inverse-head-and-shoulders (IH&S) pattern since early September.
That is confirmed by the formation of three troughs, the deepest one in the middle, under a common neckline resistance at 0.0420 BTC.
