Ethereum Breaks Out in Its Ratio To BTC

Written By Guest User
Ethereum to BTC ratio approximately 10am, 9/16/21.

Ethereum to BTC ratio approximately 10am, 9/16/21.

Ethereum has seen a breakout on the four hour candle chart in its ratio to BTC after performing a descending wedge pattern and finding strong support. This is after seeing a breakout on the daily chart as well.

ETH to BTC ratio daily candle chart, 10:15am ET, 2021.

ETH to BTC ratio daily candle chart, 10:15am ET, 2021.

With two bullish breakouts on two different timelines, this looks to be a good sign for Ethereum gearing up to continue to outpace BTC. Ethereum is also seeing stronger pushes in its ratio to USD, so let’s see if the trend continues.

Guest User
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