Ethereum-Bitcoin Ratio Tests Key $0.040 Level
Based on information published by coinpedia.org, Ethereum’s ETH/BTC pair has reportedly broken a long downtrend that began in 2017. The report says the ratio still faces a major hurdle at $0.040.
Based on information published by coinpedia.org, Ethereum’s ETH/BTC pair has reportedly broken a long-running downtrend that had stretched back to 2017. The report says the move ends a period of relative weakness against Bitcoin.
The same report says the chart still faces a major hurdle at $0.040 ETH/BTC. It adds that what happens at that level could determine the next phase of the setup.
Key Takeaways
- Coinpedia.org reported that ETH/BTC has broken a long-running downtrend that dated back to 2017.
- The report says Ethereum had been weaker than Bitcoin over that period.
- The chart still has a major hurdle at $0.040 ETH/BTC, according to the source.
Context
ETH/BTC is a trading pair that compares Ethereum’s value with Bitcoin’s value. Traders often watch the ratio to gauge relative strength between the two assets.
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