Ethereum

Shift

2024

Bitcoin

<p>Ethereum, the leading altcoin, is showing significant signs of a bullish trend against <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/">Bitcoin</a>, a development that could potentially alter the dynamics between these two major cryptocurrencies.&nbsp;</p> 
<p>For the first time since over one year and 6 months, *ETH* had recently achieved a remarkable milestone with respect to price recording above the two-day Ichimoku cloud. This technical indicator often used to measure momentum and future ranges of support and resistance for Ethereum is signaling that a large shift in its trading range versus *BTC* may be on the horizon.</p> 
<p>This promising trend was highlighted by renowned cryptocurrency trader Josh Olszewicz, who pointed out the rarity of this occurrence and its potential implications.&nbsp;</p> 
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   <p lang="en" dir="ltr">for the first time in 525 days, ETH/BTC has closed above the 2-day Cloud <a href="https://t.co/ihwRBF6uY1" target="_blank">pic.twitter.com/ihwRBF6uY1</a></p>— #333kByJuly2025 (@CarpeNoctom) <a href="https://twitter.com/CarpeNoctom/status/1806140862109188377?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 27, 2024</a>
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<p>Per Olszewicz, the ETH/BTC trading pair seems to have bottomed out after actual years of BTC clearly stealing all altcoins’ thunder. Ethereum currently trades at about 0.055 BTC on Binance – a steep retrace that could be the beginning of some relief in its market trajectory, should it hold this price floor.</p> 
<h2 class="wp-block-heading" id="ethereum-s-resurgence-in-the-crypto-market">Ethereum’s Resurgence in the Crypto Market</h2> 
<p>Even though the crypto market as a whole is down and both Bitcoin and Ethereum have melted, Ethereum’s relative strength against Bitcoin has been notable.&nbsp;</p> 
<p>Ethereum has recovered substantially from the low of 0.044 BTC in May, appreciating by up to 28% against Bitcoin itself. Part of this spike is potentially due to the unexpected number of form 19b-4 files for Ethereum ETFs approved by the U.S. SEC, which has reignited both institutional interest and a speculative retail boom in all things Ether-related.</p> 
<p>Currently, the broader crypto market continues to exhibit signs of bearish sentiment, with Bitcoin dropping 1.2% and <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/">Ethereum</a> slightly better at a 0.5% decline over the past 24 hours.&nbsp;</p> 
<p>These movements have brought Bitcoin’s price to around $60,736 and Ethereum’s to approximately $3,372. However, the slight edge in Ethereum’s performance might indicate a growing investor confidence in its potential as a leading technology platform, beyond just a digital currency, which could be central to its recent gains against Bitcoin.</p>

Ethereum To Surpass Bitcoin? This Indicator Signals Major Shift

目次

BlockchainReporter

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