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Trader Eugene: Need to see the ETH/BTC exchange rate break out of the current range to confirm a structural breakout
BlockBeats News, July 14th, trader Eugene Ng Ah Sio posted an ETH/BTC exchange rate analysis on his personal channel, stating: "Although the price trend in the past week has been encouraging, I need to see the ETH/BTC break through the current range of 0.022-0.027 to confirm a structural breakthrough. My short-term target is 0.03, a level that now seems within reach. If Ethereum can hold above the $4000 mark, the target of 0.04+ on a higher timeframe will also come into view. If this analysis is correct, there will be a huge operational space in the subsequent period."
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