Why Ether's price may surge 75% versus Bitcoin by New Year’s

An inverse head-and-shoulders pattern and bullish momentum signals point to ETH gaining ground on Bitcoin in the weeks ahead.

Ethereum’s native token, Ether (ETH), may increase 75% versus Bitcoin (BTC) by New Year’s, according to a maturing bullish reversal setup on its weekly chart.

The ETH/BTC pair has been forming what appears to be an inverse-head-and-shoulders (IH&S) pattern since early September.

That is confirmed by the formation of three troughs, the deepest one in the middle, under a common neckline resistance at 0.0420 BTC.

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