ETH BTC looking juicy (Patreon)
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The potential for a positive outlook on Ethereum (ETH) ETFs and the relatively low ETH to Bitcoin (ETHBTC) price ratio are strong reasons to consider increasing ETH exposure in the upcoming months. I did this by swapping BTC to ETHE over a month ago.
ETHBTC has shown some strength recently despite trading near range lows. Active ETH ETF filings remain in progress, signaling promising possibilities for futures-based ETH ETF approvals in the US. With ETHBTC still trading below 0.065, there's an attractive risk-reward balance for temporarily increasing ETH exposure in the next two months. Similar to BTC ETF filings, ETH filings have specific timelines, with deadlines that are shorter due to their basis on the 1940-act. The Valkyrie deadline is October 3, while others fall between October 16 and 18.
Chart above shows mean reversion, trend, and IADSS.... which signaled a buy at .061