*🛑🌏💹Reliable ETH/BTC Indicator for Identifying the Next Market Direction*$BTC $ETH $XRP
- *ETH/BTC Ratio*: The ETH/BTC ratio is a reliable indicator for assessing the overall health of the altcoin market
- *Ethereum's Performance*: Ethereum's performance, especially in comparison to Bitcoin, is an important metric for gauging the health of the overall altcoin market
- *ETH/BTC Chart*: The ETH/BTC chart gauges Ethereum’s performance against Bitcoin
Whenever the ETH/BTC ratio increases, it suggests that Ethereum is outperforming Bitcoin. However, a decline indicates an ETH slump against BTC
- *Market Analysts*: Market analysts like Benjamin Cowen have used the ETH/BTC chart to predict market trends
Cowen called attention to this indicator amid the ongoing market-wide bloodbath that has pushed multiple altcoins to shocking lows