We just created a higher low today so I’m hoping that could be the sign we wanted.
ETHBTC resistance is 0.072 so I’m looking for that to break. We are 0.069 at the moment.
The first and second weeks of each month have been large rallies from Jan this year. It’s the first tomorrow so let’s see.
Daily closed 0.07264 for end of May and now we start a fresh month. This is how the months have begun......
BTC rallies from day 1 of the month:
Jan - 46% in the first 8 days
Feb - 81% in the first 21 days
Mar - 37% in the first 12 days
Apr - 12% in the first 13 days albeit BTC was having a heart attack at this point.
ETH rallies from day 1 of the month:
Jan - 80% in 8 days
Feb - 57% in 18 days
Mar - 38% in 13 days
Apr - 34% in 14 days
May - 55% in 10 days
June is the strongest seasonality in a bull market for ETH.
If we use the previous gains as a guide we get an ETH range of 3,600-4,100-4,900
Using a peak of 0.11 ETHBTC this gives us a BTC range of of 32,700-37,200-45,000