So we\u2019re at a very key point where if Bitcoin decides to relax for a little bit and range, Ethereum can continue to pump to the upside, sending Ethereum\/BTC above this area of resistance and confirming a breakout and confirming altseason essentially.\u201d<\/em><\/p>\n Looking at the monthly chart of ETH\/BTC, Credible highlights that the pair has been carving higher lows every time it gets rejected at the crucial resistance zone.<\/p>\n \u201cEvery monthly close that we\u2019ve got right up against this resistance, unable to break through, but it\u2019s only a matter of time before it breaks.\u201d<\/em><\/p>\n Credible also says he\u2019s bullish on Ethereum<\/a> against the US dollar (ETH\/USD), which he notes is a positive sign for altcoins.<\/p>\n \u201cEthereum, generally, is known to lead the alt market, so when Ethereum is making very massive moves to the upside, generally it\u2019s expected that alts will follow suit. <\/em>And you can see here that Ethereum has now entered price discovery, which is always very bullish for any coin that we\u2019re looking at. <\/em><\/p>\n Ethereum is entering price discovery and looks like it\u2019s gonna continue pushing up to new all-time highs. Yes, we can obviously pull back. There\u2019s no guarantees that we head straight up, but it looks quite likely that we will.\u201d<\/em><\/p>\n Ethereum is currently trading<\/a> at $4,811.<\/p>\n Looking at Bitcoin (BTC)<\/a>, Credible is mapping out two potential scenarios for the king crypto. According to the crypto trader, Bitcoin could either print a new all-time high above $70,00 before a corrective move or could just continue moving higher without a significant pullback.<\/p>\n![\"Image\"](\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2021\/11\/heres-how-ethereum-could-confirm-altseason-according-to-closely-followed-crypto-analyst.png\")