Ethereum price technicals hint at 35% gains versus Bitcoin in 2023 By Cointelegraph

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© Reuters.

Ethereum’s native token, Ether (ETH), could grow by 35% versus (BTC) this year to hit 0.1 BTC for the first time since 2018 as it forms a classic bullish continuation pattern.

Dubbed an ascending triangle, the pattern forms when the price fluctuates inside a range defined by rising trendline support and horizontal trendline resistance. It typically resolves after the price breaks out in the direction of its previous trend.

weekly price chart. Source: TradingView
ETH.D weekly performance chart. Source: TradingView
ETH supply change since the PoS upgrade in September 2022. Source: UltraSound.Money