Warning for Altcoin Bulls: The Ether-Bitcoin Ratio Is About to Flash Death Cross
Briefly

from Coindesk1 month ago
The ETH/BTC ratio dropping below a support level and nearing a death cross suggests risk aversion and weakened demand for altcoins.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/warning-for-altcoin-bulls-the-ether-bitcoin-ratio-is-about-to-flash-death-cross/
Historically, altcoin seasons have been linked to an uptrend in the ETH/BTC ratio, reflecting traders' risk appetite and preferences.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/warning-for-altcoin-bulls-the-ether-bitcoin-ratio-is-about-to-flash-death-cross/
The ETH/BTC ratio has fallen by around 10% this year, indicating a shift in sentiment among investors and potentially leading to a bearish trend.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/warning-for-altcoin-bulls-the-ether-bitcoin-ratio-is-about-to-flash-death-cross/
Persistent selling of ETH calls has impacted volatility and price, signaling a potential shift from bullish FOMO to fear in ETH and other altcoins.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/warning-for-altcoin-bulls-the-ether-bitcoin-ratio-is-about-to-flash-death-cross/
Read at Coindesk
#eth #btc #altcoins #cryptocurrency-market #technical-analysis
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