It might be a stretch to do technical analysis on a ratio of two individual cryptos, but I have been interested in the ratio of ETH/BTC from a fundamental perspective with the premise that 
ETH is more functional going forward. There has been an odd behavior that I don't understand with a character of quick increases followed by 1-2 month linear decays. This character might be resolving soon as ETH reaches a higher relative strength of coming out of this last correction.
A look at the weekly also points to higher relative strength ofETH returning.
ETH is more functional going forward. There has been an odd behavior that I don't understand with a character of quick increases followed by 1-2 month linear decays. This character might be resolving soon as ETH reaches a higher relative strength of coming out of this last correction. A look at the weekly also points to higher relative strength of
ETH returning.Trade active
Nice ETH/BTC relative strength move. Trade active
Interesting that the previous high of the ratio in 2017 nominally coincides with ETH cap parity with BTC (cap parity ratio is about 0.159)
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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.