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Ethereum vs. Bitcoin: Did ETH/BTC just bottom as Ether eyes $2K?

The ETH/BTC pair is showing signs of bottoming but further consolidation should not be ruled out.
Bitcoin’s (BTC) price has been broken past a major resistance level of $52,000 in the past few days and approaching the all-time high region. However, other cryptocurrencies are rallying heavily as well. In the recent months, the market has seen massive surges for Cardano (ADA), Polkadot (DOT) and Cosmos (ATOM).These altcoins have been seeing impressive gains as Ether (ETH) has been facing scalability issues and high network fees. This is resulting in negative sentiment on social media, where some investors and traders are doubting whether a bullish breakout will happen for Ether price. But this is might be exactly the period to become interested in the second biggest cryptocurrency, especially with major upgrades expected for Ethereum in the summer. Ether holds a critical level for continuationETH/USD 1-day chart. Source: TradingViewThe USD chart for Ether shows a major pullback in February and March with ETH price dropping from $2,000 to $1,300. This was a 35% correction and pretty healthy for the bull market before it can resume. The bull cycle is intact as long as it doesn’t lose the critical levels, namely the $1,300 region, which was confirmed during this latest pullback. Luckily for the bulls, Ether’s price didn’t drop below this level, as the chart above shows.However, what comes next is debatable. There’s a clear resistance zone between $1,800 and $1,900, while support levels are shown by the green boxes. The primary box is found between $1,475 …
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