While Bitcoin is showing strength through new higher highs and making a new yearly high, Ethereum's Ether shows weakness, particularly the ETH/BTC pair.
ETH weakness is also a clear indication that most altcoins are not showing strength either since they tend to reflect Ether's performance.
The 0.03 sats level is a crucial barrier to hold.
The daily chart of ETH/BTC shows a clear rejection at the 0.0325 sats level, through which a renewed test of the 0.03 sats area is occurring.
Interesting weekly levels to watch on the ETH/BTC chart.
December/January are the months to get into ETH. As history shows, the best period to buy Ethereum has been in December and January.
Bitcoin dominance still eager for a test of 65-67% level.
Bitcoin dominance broke below 65-67%, after which a rally across the altcoin markets occurred.
The ETH/USD chart is showing a clear breakout above the $380-385 resistance area, with the price of Ether rallying above the $400 mark.
Whether those levels will get tested is another matter.
Don't expect another 2017-style altseason as Ethereum continues slump vs. Bitcoin
Publicado en Oct 26, 2020
by Cointele | Publicado en Coinage
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