ETH to BTC Ratio Searching For Support

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

ETH is searching for higher support in its ratio to BTC.

As the ratio dips, this means that BTC is outpacing ETH. The MFI is trending downwards and so is the MACD, which could mean that BTC may continue to outpace ETH. BTC dominance is now up to 41.5% and ETH dominance is down to 21%.

Ethereum is struggling on its daily chart to USD slightly as well. The MFI and the MACD are making attempts at swinging downward as BTC and altcoins start to take dominance away from ETH.

This shouldn’t be too surprising considering ETH reaching highs in its ratio to BTC over the past few weeks. However, it’s important to take note of this because a variety of tokens use Ethereum’s ecosystem, and often correlate with its price action.