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A shift just happened in the Ethereum-Bitcoin ratio

From bnnbloomberg.ca

Here’s something different. The Ethereum/Bitcoin ratio pattern just changed and it may be something to watch. For the last few weeks, Ethereum has been looking like high-beta Bitcoin. When Bitcoin went up, Ethereum went up more. When Bitcoin went down, Ethereum went down more. This was starting to catch the attention of a lot of people on Wall Street. And, in general, there’s been a lot of attention paid to Ethereum’s relative strength — particularly on the way up. But for the first time in a while, we seem to have a crypto cycle that’s centered on Bitcoin, with the most-likely catalyst being the El Salvador news ... (full story)

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  • Category: Fundamental Analysis