The area around the bullish trendline served as an accumulation zone in 2019-20.
A monthly MACD histogram indicates downtrend exhaustion and favors defense of the trendline for ETH/BTC, offering hope to bulls.
Sophisticated traders foresee Bitcoin outperforming Ether, as indicated by options market premiums. Concerns include weaker demand for ETH spot ETFs compared to Bitcoin and slow network activity on Ethereum.
Market has already priced in expectations of lower inflows in ETH ETFs compared to BTC ETFs, contributing to Ether's underperformance.
Collection
[
|
...
]