Bitcoin Is for Holding; Ethereum for Trading. Here’s the Proof
Main Idea
Ethereum may outperform Bitcoin in the short-to-mid term, but Bitcoin remains the preferred long-term hold asset according to analysts.
Key Points
1. The ETH/BTC ratio flipped its 50-week moving average, signaling a potential trend reversal favoring Ethereum in the short term.
2. Analyst Scott Melker suggests Ethereum could outperform Bitcoin as a trade, but Bitcoin is still the better long-term hold asset.
3. Ethereum needs to hold above $3,630 to avoid a deeper correction toward $3,476; breaking above $3,855 would indicate continued bullish strength.
4. Ethereum has faced criticism recently, but some view the negativity as a buying opportunity.
5. The ETH and XRP 24-hour trading volume on Binance has surpassed Bitcoin, hinting at a possible altseason.
Description
ETH/BTC chart flipped 50-week average, signaling possible trend reversal. An analyst has said Ethereum may outperform Bitcoin short term, as trade. ETH must hold $3,630 or risk deeper correction toward $3,476. Ethereum may be setting up to outperform Bitcoin in the short-to-mid term. The ETH/BTC ratio, a key chart that measures Ethereum’s strength against Bitcoin, recently flipped its 50-week moving average for the first time since 2023. This kind of move often means a trend reversal. Experts ha...
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