Ethereum is Attempting to Form Long-Term Bottom Against BTC, Claims Analyst

Bitcoin’s recent turbulence has spilled over into the aggregated crypto markets, leading most major cryptocurrencies to form a close correlation with its price action – which has proven to be highly bearish for Ethereum (ETH) and other major altcoins.
In spite of this near-term bearishness, analysts are noting that Ethereum may be attempting to form a long-term bottom against its BTC trading pair, which could mean that it will begin finding some upwards momentum in the near-term.
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