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Hey everyone, have you noticed something interesting?
The last time ETH was at $2,400, BTC was at $82,000!
What about now?
ETH is already at $2,420, but BTC is only at $80,400!
At the same ETH price, BTC is actually $1,600 lower than last time!
What does this tell us?
It tells us that in this rebound, Ethereum is showing noticeably greater relative strength than Bitcoin!
Even more interestingly, yesterday U.S. spot BTC ETFs saw net inflows of about $74.6 million, while ETH ETFs saw net inflows of about $53 million.
So why hasn't BTC made a clear move up yet?
I'm thinking about three questions:
First, has the selling pressure above BTC not been fully absorbed yet?
Second, are investors starting to pay attention to ETH again instead of focusing only on BTC?
Third, if BTC catches up in the days ahead, how high could ETH go?
If BTC returns to $82,000 and ETH maintains its current relative strength, that would put ETH at around $2,468.
If ETH continues to outperform BTC, could the $2,500–$2,600 range be worth watching?
Of course, there's another possibility:
BTC could keep facing resistance and drag ETH back down with it.
So right now, what I'm watching most closely isn't simply whether prices go up or down, but whether the ETH/BTC exchange rate can continue to strengthen, and whether BTC can break through key resistance on strong volume.
The real question worth considering is: is BTC lagging behind, or has Ethereum started to strengthen ahead of it?
What do you think, everyone?
Could this be ETH's turn to shine? #ETH
Hey everyone, have you noticed something interesting?
The last time ETH was at $2,400, BTC was at $82,000!
What about now?
ETH is already at $2,420, but BTC is only at $80,400!
At the same ETH price, BTC is actually $1,600 lower than last time!
What does this tell us?
It tells us that in this rebound, Ethereum is showing noticeably greater relative strength than Bitcoin!
Even more interestingly, yesterday U.S. spot BTC ETFs saw net inflows of about $74.6 million, while ETH ETFs saw net inflows of about $53 million.
So why hasn't BTC made a clear move up yet?
I'm thinking about three questions:
First, has the selling pressure above BTC not been fully absorbed yet?
Second, are investors starting to pay attention to ETH again instead of focusing only on BTC?
Third, if BTC catches up in the days ahead, how high could ETH go?
If BTC returns to $82,000 and ETH maintains its current relative strength, that would put ETH at around $2,468.
If ETH continues to outperform BTC, could the $2,500–$2,600 range be worth watching?
Of course, there's another possibility:
BTC could keep facing resistance and drag ETH back down with it.
So right now, what I'm watching most closely isn't simply whether prices go up or down, but whether the ETH/BTC exchange rate can continue to strengthen, and whether BTC can break through key resistance on strong volume.
The real question worth considering is: is BTC lagging behind, or has Ethereum started to strengthen ahead of it?
What do you think, everyone?
Could this be ETH's turn to shine? #ETH