CandleFocus ETH/BTC Struggles to Break Through Resistance, Altcoin Season Delayed?
2024-10-16
Author: Content Editor
Crypto analyst Michael van de Poppe has highlighted a crucial development on the Ethereum/Bitcoin (ETH/BTC) 4-hour chart that could impact the altcoin market. He shared a screenshot showing that the ETH/BTC pair failed to break above the 0.04 BTC resistance, triggering a selloff in Ethereum. However, Poppe believes that if the pair can break through this crucial barrier, it could change the narrative for altcoins and signify the start of the long-awaited altcoin season. Despite facing resistance, Ethereum has remained a leader in the altcoin market, with other top altcoins also encountering slight resistance. Analysts expect a breakout to the upside soon.
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