Don’t expect another 2017-style altseason as Ethereum continues slump vs. Bitcoin

While Bitcoin (BTC) is showing strength through new higher highs and making a new yearly high, Ethereum’s Ether (ETH) shows weakness, particularly the ETH/BTC pair.

ETH weakness is also a clear indication that most altcoins are not showing strength either since they tend to reflect Ether’s performance. 

The 0.03 sats level is a crucial barrier to hold

ETH/BTC 1-day chart. Source: TradingView

The daily chart of ETH/BTC shows a clear rejection at the 0.0325 sats level, through which a renewed…

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