First time in a very long time that Ethereum is actually printing a GIGA candle against Bitcoin. As I said before: For months now every pump Ethereum had against Bitcoin ended up being a bearish retracement before another leg down forming a lower high. That's actually not the case right now. We have that initial pump as before. But we also have another giga pump after the initial pump. Which basically invalidates the bearish structure we've seen for months now. There's also confluence with the fact that Ethereum literally bounced of its multi-year support level. So is this time different vs the last few months/years? It actually very well could be.
Crypto Nova
Crypto Nova4.5.2025
Ethereum holding kinda stable against Bitcoin last couple of days. Usually however this is bearish pump (lower high) leading into new lows after due to ETH/BTC being in a downtrend. BUT, the odds are different here IF Ethereum breaks out of this small contraction here. It means this might not just be a relief pump followed by another dump anymore. Ethereum hitting a multi-year low level support against Bitcoin last week also helps.
26,2K