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3 Key Charts to Track as Ether Strengthens Against Bitcoin
It's unusual to see ether, the world’s second-largest cryptocurrency by market cap, showing relative strength against market leader bitcoin on a day when the market is under pressure. Today is exactly that rare instance. While bitcoin has slipped over 2% on the day to around $97,200, ether remains largely steady near $3,230, per data source CoinDesk. This divergence has lifted the ether-to-bitcoin (ETH/BTC) ratio by more than 2%, signaling ether's outperformance. With that in mind, here are three key charts worth keeping an eye on. The Binance-listed ratio is currently confined within a counter-trend downward ... (full story)
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