Since early of Mar, ETH/BTC follows BTC/USD pair.
It means when BTC goes up, ETH goes up more, and when BTC goes down, ETH goes down more.
However, look at the red box area.
Now people believe bearish trend is end, and start to accumulate BTC(check OBV of BTC/usd)
So, BTC dominance goes high, ETH/BTC pair go down even if BTC price went up.
I do believe BTC shold go down to $7,000 ~ $6,850, so It is excellent spot to buy ETH w/ BTC
It means when BTC goes up, ETH goes up more, and when BTC goes down, ETH goes down more.
However, look at the red box area.
Now people believe bearish trend is end, and start to accumulate BTC(check OBV of BTC/usd)
So, BTC dominance goes high, ETH/BTC pair go down even if BTC price went up.
I do believe BTC shold go down to $7,000 ~ $6,850, so It is excellent spot to buy ETH w/ BTC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.