CHARTS AND COMMENTS

Ethereum over Bitcoin

This weekly chart of the latest 96 weeks shows the Ethereum Bitcoin Ratio.

This weekly chart shows the period from the beginning of January 2020 to present. There is now a weekly blue bar represented with a higher high and a higher low after multiple red bars. The charts seeks to clearify if Ethereum (ETH) moves stronger than Bitcoin (BITC) or the oposite. The outcome in this chart is the price of ETH divided by the price of ETH, and thereby formulated into an Heikin Ashi chart to make the development more visuable. 

The ETH BITC ratio moved in a narrow range this last week, so this week 44 could hopefully show some follow-through to be more convincing for the next phase. The broader consolidation since May could also fail to bring in an upcoming prevailing downtrend.

 


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