Technical analysis by sivertbb about Symbol ETH: Buy recommendation (8/16/2024)

I think many people forget how the moeny flows in the crypto market so i will post this as a reminder on why we need to see etherum outperform Bitcoin before we see an altseason So the path to alt season: PHASE 1: BITCOIN Money flows into Bitcoin causing prices to surge (we have already had this, and btc have reached its all time high in 2024) PHASE OVERLAP Money flows into Ethereum, and ETH starts to outperform BTC PHASE 2: Ethereum Ethereum outperform Bitcoin and we hear talks about flippening in market cap Phase overlap Money starts to flow into large caps and we see large volume coming into the total market excluding btc and eth Phase 3: Large caps Eth has been outperforming BTC and Larg Caps are going parabolic Phase overlap Regardless of market cap, some alt coins and meme coins are starting to pump Phase 4 The whole market pumps at the same time (Large caps, mid caps, low caps and micro caps). Coins with no fundamentals are pumping, and there are memes everyhwhere, everybody buys and you can feel the Mania in the air.