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Ethereum breaks out vs. Bitcoin: Why one trader says ETH/BTC looks 'absolutely insane'

Published 04/21/2021, 09:00 AM
Updated 04/21/2021, 10:40 AM
Ethereum breaks out vs. Bitcoin: Why one trader says ETH/BTC looks 'absolutely insane'

Ether (ETH) price is seeing green in its Bitcoin (BTC) pair on April 21, reaching the highest levels since early February. Given the technical breakout of ETH/BTC, traders are beginning to expect a strong rally in the foreseeable future.

During the first two weeks of April, ETH was outperformed by Binance Coin (BNB), the native token of Binance Smart Chain.

ETH/BTC 4-hour price chart (Binance). Source: TradingView.com
Total value staked in eth2. Source: CryptoQuant

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Latest comments

Yes lets go. The trading pair has been due for a rebalance for a while now
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