Btc just made a move after showing some resistance to the upside, similar to ethereums moves yesterday. If it holds this for a while could be bullish run.
MAYDAY are you paying attention to wallet activity?
I’m not following any news or any wallet activity.
ETH is in a short seasonality run that happens in the first 3 months of each year.
The difference to the last few years is this seasonality has happened during a parabolic move causing the price to rise significantly. This is why I sold BTC and switched to ETH. The news is making it out to be something it isn’t. It’s a temporary trend not a transformation of market structure.
Ultimately BTC controls the market direction so ETH will follow regardless of seasonality if BTC takes a dive (however ETH recovers quicker than BTC during seasonality).
I don’t see any bull run about to happen from where BTC sits right now. BTC Ballpark target 21k.