Ethereum's native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world's leading crypto by market capitalization.The ETH/BTC exchange rate jumped a little over 11.50% to hit 0.0835 BTC for the first time since May 2018. The pair's price rally appeared in … [Read more...] about Ethereum acts as a ‘hedge’ in Bitcoin price crash as ETH/BTC hits 3-year high
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Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further.On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as a part of an uptrend that started mid-October after Ether … [Read more...] about Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
ETH-BTC Chart Points to Ether Leadership Ahead
While bitcoin appears to be pulling the broader market higher right now, ether may take the lead in the coming weeks.Ether-bitcoin’s (ETH/BTC) weekly chart shows a bull pennant – a technical pattern marked by converging trendlines, indicating an impending continuation of the ether-bitcoin ratio’s upward move from 0.023 to 0.08 seen early this year.A move above the upper … [Read more...] about ETH-BTC Chart Points to Ether Leadership Ahead
Bullish ETH/BTC pair revives the Ethereum ‘flippening’ discussion
Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the $53,000 support level while Ethereum (ETH) … [Read more...] about Bullish ETH/BTC pair revives the Ethereum ‘flippening’ discussion
Why one trader says ETH/BTC looks ‘absolutely insane’
Ether (ETH) price is seeing green in its Bitcoin (BTC) pair on April 21, reaching the highest levels since early February. Given the technical breakout of ETH/BTC, traders are beginning to expect a strong rally in the foreseeable future.During the first two weeks of April, ETH was outperformed by Binance Coin (BNB), the native token of Binance Smart Chain.The high transaction … [Read more...] about Why one trader says ETH/BTC looks ‘absolutely insane’