Why is ETH/BTC showing weakness?

Why is ETH/BTC showing weakness?

The price of Ether (ETH), the native cryptocurrency of Ethereum, has been stagnating against Bitcoin in recent days after a strong few weeks against BTC.

In the past few weeks, ETH and BTC have shown some inverse correlation as ETH rallied strongly when BTC consolidated, and vice versa.

ETH/BTC 15-minute price chart (Binance). Source: TradingView.com

So why is ETH struggling at the moment?

In the last several hours, Bitcoin has seen a decent rally after BNY Mellon said it would begin offering


Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *