Cryptocurrency analyst @el_crypto_prof has drawn a monthly chart of ETH/BTC, in which he suggests that we are on the verge of a huge increase in Ethereum’s valuation against Bitcoin. He pointed out parallels in the fractals of historical upward waves, stating that today’s price action corresponds to the period of early 2017 (orange ellipses).
According to his prediction, ETH could see a 379% rise from the bottom in the coming months and reach 0.25 BTC. If this is indeed to be the case, Ethereum’s rise would be a powerful catalyst for altcoin season 2022.
