ETH to BTC Ratio Tests Resistance

Written By Guest User

Neither this post, nor any other on cryptofal.com, should be misconstrued as financial advice. It is not.

Ethereum is currently making an attempt at testing a line of resistance in its ratio to BTC. We look at ratios to help isolate the movement of specific coins from that of the market movement determined by BTC or even Ethereum. It’s going to be important to see how the ratio reacts in this price range because it will likely determine whether or not ETH will outpace BTC in its growth.

BTC is continuing to test resistance currently and is even achieving higher lows over the course of the day. the MFI is still looking fairly neutral, but the MACD is looking to swin upwards. BTC dominance has gained to about 42.1% while ETH dominance has dipped slightly to around 19.6%.

Guest User
Previous

Cardano’s Ada Piles On Major Losses After eToro Discloses Plans To Delist Tokens Over U.S. Regulatory Concerns

Next

Coinbase reportedly down for some users after fixing connectivity issue