Ethereum price to Bitcoin ratio is an important indicator to gauge the strength of Ethereum’s performance. We definitely prefer using this indicator instead of looking at market caps that do not necessarily provide a lot of insight.
Ethereum to Bitcoin ratio is interesting when assessing Ethereum’s performance especially at times where there is a lot of wondering if we reached a Top in Ethereum or Cryptocurrencies price in general. So how is Ethereum performing while other cryptocurrencies are retracing or breaking out, this is what this indicator provides in terms of information.
While we cannot make a judgement based solely on this chart, there are is interesting information we can derive from analyzing it:
- Ethereum price to Bitcoin ratio is attempting to breakout of an important resistance area
- Ethereum’ price performance right now (and strictly from a ETH to BTC ratio) is moving similar to the way it did before the massive run in summer 2017.
- Watching how Ethereum performs against the sector and Bitcoin in particular but of course we cannot limit our analysis to one indicator. We also have to look at important price levels to watch from the Ethereum price chart.
Investors need to keep an eye on this chart as one of the indicators that could signal either a top in Ethereum price (in conjuction with other factors) or that Ethereum price performance is strengthening in 2018. You can access our Ethereumprice.today Ethereum to Bitcoin ratio chart here.
Developments related to the upcoming Ethereum upgrade to proof of Stake is also something investors want to follow. Keep in mind that a correction before resuming the uptrend is not to be ruled out for Ether since it increased by 43% in the last 7 days.
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