The most talked-about thing on X at noon today: last night’s sharp drop, $ETH fell harder than BTC.
First, the Binance data: ETH is now around $2,137, down 4.5% over the past 24 hours, with a range of $2,060 to $2,246, and 24-hour spot trading volume of about $542 million. Over the same period, BTC fell only 1.7%, and is now around $74,610.
Looking only at the USD price isn’t direct enough. On X, more people are watching the ETH/BTC ratio: it is now 0.02864, down 2.9% over the past 24 hours. The 24-hour low is 0.02815, which is also the 7-day low; the 7-day range is 0.02815 to 0.03053. During last night’s move, ETH fell from 2,246 all the way to 2,060, while BTC only fell from 76,200 to 73,510 over the same period — both broke the 7-day low, but ETH’s drop was deeper.
To put it simply, this is not about judging direction, just putting the two charts together: in USD terms, ETH’s drop was more than twice BTC’s, and in the ratio, the 7-day range has a new bottom. Once it gets back above 0.02951 (the 24-hour high), first watch 0.03053 (the 7-day high); if it breaks below 0.02815, the 7-day range will have a new bottom. When volatility is this high, think it through before acting — don’t get carried away.
Are you watching the 2,060 low, or the 0.02815 ratio?
#以太坊 #MarketWatch
First, the Binance data: ETH is now around $2,137, down 4.5% over the past 24 hours, with a range of $2,060 to $2,246, and 24-hour spot trading volume of about $542 million. Over the same period, BTC fell only 1.7%, and is now around $74,610.
Looking only at the USD price isn’t direct enough. On X, more people are watching the ETH/BTC ratio: it is now 0.02864, down 2.9% over the past 24 hours. The 24-hour low is 0.02815, which is also the 7-day low; the 7-day range is 0.02815 to 0.03053. During last night’s move, ETH fell from 2,246 all the way to 2,060, while BTC only fell from 76,200 to 73,510 over the same period — both broke the 7-day low, but ETH’s drop was deeper.
To put it simply, this is not about judging direction, just putting the two charts together: in USD terms, ETH’s drop was more than twice BTC’s, and in the ratio, the 7-day range has a new bottom. Once it gets back above 0.02951 (the 24-hour high), first watch 0.03053 (the 7-day high); if it breaks below 0.02815, the 7-day range will have a new bottom. When volatility is this high, think it through before acting — don’t get carried away.
Are you watching the 2,060 low, or the 0.02815 ratio?
#以太坊 #MarketWatch
