The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805.
But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is “narrower” than Bitcoin’s.
Simply put, ETH faces a bigger risk of seeing a deeper pullback than Bitcoin in the foreseeable future if the market turns around.
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