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via CoinDesk · By CoinDesk Staff

Ether weakness against bitcoin deepens as ETH/BTC ratio hits 10-month low

ETH

ETH/USDT

$1,562.97

-4.26%

$1,562.97

-4.26%

(24s)

24h Volume

$19,203,577,097.18

24h H/L

$1,660.54 / $1,532.90

Change: $127.64 (8.33%)

Long/Short

78.9%

Long: 78.9%Short: 21.1%

Funding Rate

-0.0049%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,574.07

▼ -2.97%

Volume (24h): -

Resistance Levels

Resistance 3$1,772.46

Resistance 2$1,688.00

Resistance 1$1,615.03

Price$1,574.07

Support 1$1,552.51

Support 2$1,461.53

Support 3$1,244.77

Pivot (PP):$1,589.17

Trend:Downtrend

RSI (14):30.9

CoinDesk Staff

(10:20 AM UTC)

1 min read

Reviewed byJames Mitchell

660 views

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ETH/BTC ratio falls to 10-month low as ether continues to underperform bitcoin

Widely followed crypto market gauge signals weakening risk appetite as investors continue favoring bitcoin over ether.

One widely watched indicator for assessing whether the crypto market is in a bullish or bearish phase is the ether-to-bitcoin (ETH/BTC) ratio.

On Tuesday, the ratio fell to 0.02835, its lowest level in…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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