Based on Blockchainreporter, a recent analysis by prominent crypto analyst Michaël van de Poppe highlights that Ethereum (ETH) is holding a key support level against Bitcoin (BTC), suggesting altcoins may be nearing a short-term bottom. ETH is up 2% on the day, showing resilience amid Bitcoin's consolidation. The ETH/BTC pair is trading around 0.032, within a historical accumulation zone that has been repeatedly defended by buyers. Van de Poppe notes that altcoins are currently declining less than Bitcoin, a sign often seen before broader market recoveries. The stabilization in volume and price above this zone indicates ongoing buying interest in ETH despite market uncertainty.
ETH/BTC Chart Indicates Potential Buy Zone as Altcoins Outperform Bitcoin
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