$ETH 兑 $BTC are now at 0.03015. Over the past 24 hours, $ETH is down 0.18% and $BTC is up 0.24%, a 0.43 percentage-point gap.
The funding rate for $ETH in the futures market is 0.0005%, so longs are paying to keep their positions open.
The two major assets are moving pretty much in sync. On a day like this, looking at ETH's relative strength on its own doesn't mean much; it's more useful to look at the broader market. I usually wait a beat when things get lively.
$ETH $BTC #Ethereum
The funding rate for $ETH in the futures market is 0.0005%, so longs are paying to keep their positions open.
The two major assets are moving pretty much in sync. On a day like this, looking at ETH's relative strength on its own doesn't mean much; it's more useful to look at the broader market. I usually wait a beat when things get lively.
$ETH $BTC #Ethereum