Bitcoin (BTC) Playing Catch Up as Ethereum (ETH) Surges to Fresh Highs 2021-02-03 03:00:00 Daniel Moss, Analyst
Bitcoin, Ethereum, ETH/USD, BTC/USD, BTC/ETH Ratio – Talking Points:
The breakdown in the BTC/ETH ratio suggests Ethereum may continue outperforming Bitcoin.
BTC poised to retest its yearly high after breaching Descending Triangle resistance.
ETH looking to extend climb to fresh record highs after penetrating key resistance. Advertisement
As mentioned in previous reports, the BTC/ETH ratio’s break to its lowest levels since August of 2018 suggests that Ethereum may continue to outperform Bitcoin in the short term. Indeed, this has held true in recent days as the second-most heavily trade cryptocurrency has surged to fresh record highs, while Bitcoin has stagnated above key support.