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<p>The ETH/BTC trading pair has sparked intense discussion within the crypto community. Analyst JACKIS (@i_am_jackis) <a href="https://x.com/i_am_jackis/status/1791454332715454566" target="_blank" rel="noopener noreferrer nofollow">offers a critical analysis</a>, urging patience amid the current volatility. He highlights the pair’s retesting of a crucial support level and draws parallels with Bitcoin’s past price behavior. JACKIS advises against panic, emphasizing the importance of informed and strategic decision-making.</p>
<h2 class="wp-block-heading" id="strong-eth-btc-pair-at-a-critical-level-strong"><strong>ETH/BTC Pair at a Critical Level</strong></h2>
<p>In his analysis, JACKIS highlights that the ETH/BTC pair is currently retesting a prior resistance turned support level. This critical level aligns with a clear uptrend since 2019 and is supported by a weekly Relative Strength Index (RSI) bull divergence. The pair has been ranging for 200 days and sits at a macro range low.</p>
<p>According to JACKIS, if this support level fails, there is no key support until 0.031 sats. This potential breakdown could lead to an accelerated sell-off. However, until this scenario unfolds, he advises patience to observe how the weekly level holds.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="670" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-1024x670.png" alt="" class="wp-image-492981" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-1024x670.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-300x196.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-767x502.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-1536x1005.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-2048x1340.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-229x150.png 229w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-535x350.png 535w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539-788x515.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-539.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="strong-patience-over-panic-strong"><strong>Patience Over Panic</strong></h2>
<p>Drawing a parallel with Bitcoin’s past performance, JACKIS notes that when Bitcoin was “breaking down” the $40K range low, many experts predicted a drop to $30K. Instead, Bitcoin’s price demonstrated resilience. JACKIS suggests that the current situation with ETH/BTC might follow a similar pattern, where the market appears to break down but eventually recovers.</p>
<p>JACKIS advises against panic and emphasizes the importance of focusing on the chart rather than succumbing to emotional reactions. He states, “<em>People will tell you it’s breaking down &amp; capitulate. I say be patient.”</em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="548" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-1024x548.png" alt="" class="wp-image-492973" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-1024x548.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-767x411.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-1536x823.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-2048x1097.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-280x150.png 280w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-654x350.png 654w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538-788x422.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-538.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="strong-probabilities-and-market-behavior-strong"><strong>Probabilities and Market Behavior</strong></h2>
<p>In the world of trading, probabilities and calculated risks are essential. JACKIS stresses the need to make informed decisions rather than emotional ones. He reminds traders that markets often make fake-out moves, especially at extremes, where many traders take the bait.</p>
<p>The expert provides this analysis to help traders make their own calculated bets. He highlights the importance of patience and informed decision-making amidst the panic and frustration of Ethereum holders and the euphoria of Bitcoin maximalists.</p>
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<h2 class="wp-block-heading" id="strong-historical-analogies-and-future-prospects-strong"><strong>Historical Analogies and Future Prospects</strong></h2>
<p>Reflecting on historical analogies, the analyst recalls the Bitcoin sell-off in June 2022, where those who held through the -30% decline are now profiting. He draws a parallel with the current ETH/BTC situation, where those who bought the sell-off in October 2023 are currently down -17%. He suggests that, despite the current pain, holding might prove profitable in the long run.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="547" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-1024x547.png" alt="" class="wp-image-492965" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-1024x547.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-767x410.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-1536x821.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-2048x1094.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-655x350.png 655w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537-788x421.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-537.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Regardless of the ETH/BTC pair’s current performance, JACKIS notes that the USD pair is performing well and is in a healthy high-timeframe (HTF) uptrend. He believes it is only a matter of time before the ETH/BTC pair catches up, potentially as quickly as a breakout from the local cluster.</p>
<p>JACKIS’s analysis provides a nuanced perspective on the ETH/BTC pair, urging traders to avoid emotional decisions and focus on long-term strategies. While the market’s future is uncertain, informed patience might yield positive outcomes for Ethereum holders.&nbsp;</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/top-analyst-predicts-25-bitcoin-price-surge-if-this-key-btc-resistance-breaks-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Top Analyst Predicts 25% Bitcoin Price Surge if this Key BTC Resistance Breaks – Here’s His Outlook</em></strong></a></p>
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<p>The post <a href="https://captainaltcoin.com/is-ethereum-eth-at-risk-against-bitcoin-why-this-crypto-analyst-urges-calm-amid-btc-euphoria/" rel="noopener noreferrer nofollow">Is Ethereum (ETH) at Risk Against Bitcoin? Why This Crypto Analyst Urges Calm Amid BTC Euphoria</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Ethereum (ETH) at Risk Against Bitcoin? Why This Crypto Analyst Urges Calm Amid BTC Euphoria

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