Ethereum fails to break out vs. Bitcoin as Treasury yields soar — Will ETH relief rally? By Cointelegraph

Ethereum fails to break out vs. Bitcoin as Treasury yields soar — Will ETH relief rally?

CryptocurrencyMar 18, 2021 12:40PM ET

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Ethereum fails to break out vs. Bitcoin as Treasury yields soar — Will ETH relief rally?

Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USD rallying by more than 8% on March 18.

There are two likely reasons why the ETH/BTC pair is failing to break through an important resistance level.

ETH/BTC pair with key levels. Source: TraderXO, TradingView.com

BTC/USD (blue) vs. ETH/USD (orange) vs. TY10 (light blue). Source: Tradingview.

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Ethereum fails to break out vs. Bitcoin as Treasury yields soar — Will ETH relief rally?

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