$ETH 2333, down 1.4% over 24 hours, while $BTC is down just 0.45%. There’s really nothing to say about that.
What matters more than the 1.4% drop is the ratio: ETH/BTC is at 0.02904, down from 0.03201 thirty days ago—a 9.28% decline. It’s been a grinding drop, edging down a little each day, barely noticeable at a glance. It only adds up to this much over thirty days.
The 30-day and 90-day lows are both 0.02880, just 0.83% below here.
Another reading on the chart: ETH is down 7.65% from its 168-hour high, and the bounce has recovered only 20.8% of the decline. This isn’t a rebound.
Screenshot taken at 21:40 UTC+8; the latest candle is still forming.
Who’s selling? Mostly people rotating positions—the money hasn’t left.
Only talk about a rebound if it holds above 2346; watch 2367. If it breaks below 2282.46 and the ratio falls below 0.02880, that’s a different story.
Weakness isn’t written in the size of the drop; it shows when everything else rises and this doesn’t move. Keep an eye on 2282; don’t force an entry in the middle.
Data source: https://api.binance.com/api/v3/klines?symbol=ETHUSDT&interval=1h
What matters more than the 1.4% drop is the ratio: ETH/BTC is at 0.02904, down from 0.03201 thirty days ago—a 9.28% decline. It’s been a grinding drop, edging down a little each day, barely noticeable at a glance. It only adds up to this much over thirty days.
The 30-day and 90-day lows are both 0.02880, just 0.83% below here.
Another reading on the chart: ETH is down 7.65% from its 168-hour high, and the bounce has recovered only 20.8% of the decline. This isn’t a rebound.
Screenshot taken at 21:40 UTC+8; the latest candle is still forming.
Who’s selling? Mostly people rotating positions—the money hasn’t left.
Only talk about a rebound if it holds above 2346; watch 2367. If it breaks below 2282.46 and the ratio falls below 0.02880, that’s a different story.
Weakness isn’t written in the size of the drop; it shows when everything else rises and this doesn’t move. Keep an eye on 2282; don’t force an entry in the middle.
Data source: https://api.binance.com/api/v3/klines?symbol=ETHUSDT&interval=1h