$ETH vs $BTC - Winners and losers in a bull market
Contiuous downward trend for ETHBTC. ETH can only take a break and retrace upwards once BTC suffers from strong drops.
Bullish markets are characterized by the BTC dominance, the main and most decentralized cryptocurrency. Now, the ETH price against BTC is reaching its main support at 0.026 BTC per ETH.
A lot of pressure is being put on this support that, if the bullish market is confirmed, could be broken downwards and lead to further falls for ETH.
What this all mean? Even such a strong cryptocurrency like ETH can fall in a bullish market. Very careful when trading from BTC in a market trending up, all your stop-losses might get triggered!
Bullish markets are characterized by the BTC dominance, the main and most decentralized cryptocurrency. Now, the ETH price against BTC is reaching its main support at 0.026 BTC per ETH.
A lot of pressure is being put on this support that, if the bullish market is confirmed, could be broken downwards and lead to further falls for ETH.
What this all mean? Even such a strong cryptocurrency like ETH can fall in a bullish market. Very careful when trading from BTC in a market trending up, all your stop-losses might get triggered!
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