(ETHBTC) Altcoins Market Bullish Reversal Setup: A New Cycle
This is a pretty interesting chart. ETHBTC almost works like an index for us. It peaked August 2025. Very strong reversal signals are present on this chart, signaling the end of the correction. Actually, the long-term correction already ended based on technical analysis. When ETHBTC grows, the altcoins market grows.
June 2026 has a perfect reversal signal in the form of a Doji. This Doji produced the lowest price in years, 0.02527, followed by some sideways and later sustained bullish action.
The Doji can work as a reversal signal when it comes at the end of a trend, an uptrend or downtrend, it needs confirmation. The confirmation can work in several ways but here it is already present. After some sideways, ETHBTC closed four weeks green.
A falling wedge pattern has been broken favoring the bulls, it is already old. The falling wedge shows the market can change anytime when the action reaches the apex. At the end of the pattern, we see the Doji then the market turns bullish through a break of the chart structure. Right now, ETHBTC is in the bullish zone.
ETHBTC, Bitcoin & the Altcoins: Current activity
The active candle, weekly session, is the best right now in support of a bullish continuation (additional growth). After closing four consecutive weeks green, ETHBTC made a pause. Normal correct?
We see this often. After a strong bullish wave or cycle, there is always a correction or bear market; after some form of sustained growth, there is always a retrace or pause. The pause is not the end, it is followed by additional growth.
And here you see it. This week is now reaching its end while the trading started red. The long lower wick (shadow) reveals this. Now, all selling is being bought and ETHBTC is clearly pointing up. This means we will get hyper-green next week.
Thanks a lot for your continued support.
The Cryptocurrency market (Bitcoin & the Altcoins) are going up very strong for a prolonged period of time. The market will grow for months. Months of a bear market followed by months of consolidation at support can only result in the best possible, a new bullish cycle.
Namaste.