Analysis: ETH/BTC is currently forming a bullish "Cup and Handle pattern," with a key resistance level at 0.02596

BlockBeats News, May 31st, according to Cointelegraph, an analyst stated that the ETH/BTC exchange rate is forming a bullish "Cup and Handle pattern" and "Bull Flag pattern," indicating a potential upside of 30% to 55%. If the ETH/BTC exchange rate breaks through a key resistance level, it may trigger a large-scale altcoin season similar to those in 2017 and 2021. From a technical analysis perspective, if the ETH/BTC breaks the neckline at 0.02596, the target price could reach 0.03814, with a potential upside of 55%, within a timeframe of July. This target aligns with the resistance level from December 2024.