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Gate Square New & Returning Creator Rewards are ongoing!
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Analysis: ETH/BTC is forming a bullish "cup and handle" pattern, with a key resistance level of 0.02596.
On May 31, according to Cointelegraph, analysts stated that the ETH/BTC Exchange Rate is forming a bullish “cup and handle” pattern and a “bull flag”, indicating a rise potential of 30% to 55%. If the ETH/BTC Exchange Rate breaks through the key resistance level, it could trigger a large-scale altcoin season similar to those in 2017 and 2021. From a Technical Analysis perspective, if ETH/BTC breaks the neckline at 0.02596, the target price could be seen at 0.03814, with a potential rise of 55%, and the time window is July. This target level aligns with the resistance level in December 2024.