ETHUSD is poised to emulate the trajectory of other major currencies. While BCH led the way and LTC is currently undergoing a similar process, I believe that ETH's upcoming movement will catch everyone off guard. The symmetrical triangle has been decisively broken, with confirmation already on the weekly chart and the price now positioned for takeoff.
Furthermore, it is comfortably ahead of both the 50-day and 200-day moving averages on the weekly chart. Notably, the 50-day moving average has evidently crossed above the 200-day moving average, which bodes well for its prospects. Barring any negative developments in terms of fundamentals, ETH is primed to surge ahead, capturing attention and generating significant interest. The implications for altcoins remain uncertain, although ETH's performance may have a positive influence on them.
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