New Highs Inbound: Ethereum is About to See an Explosive Rally Against BTC

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Ethereum’s price action has been strikingly similar to that of Bitcoin’s as of late The crypto is once again showing strong signs of correlation to BTC, which has caused it to see some relatively choppy trading as of late It has continued gaining some slight ground against BTC, although it is now pushing up against resistance on its BTC trading pair It is also nearing a few key USD resistance levels as well, with bears trying to guard $1,250 and $1,300 A clear break above both of these levels could spark a parabolic move that leads it significantly higher One trader is expecting this type of breakout rally to take place in the near-term, noting that he is watching for serious outperformance of BTC Ethereum has been struggling to break free of Bitcoin’s grasp, which has caused it to see some relative consolidation throughout the past couple of weeks. It…

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