Sunday, June 8, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT market makes a modest comeback as Bitcoin hits $105k level

    NFT market makes a modest comeback as Bitcoin hits $105k level

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    from color as theory to generative art with NFTs

    from color as theory to generative art with NFTs

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Mintable unveils green NFT card game at Singapore climate festival

    Mintable unveils green NFT card game at Singapore climate festival

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

  • Gaming
    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    A Steam Deck Rival That Supports Crypto Games

    A Steam Deck Rival That Supports Crypto Games

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT market makes a modest comeback as Bitcoin hits $105k level

    NFT market makes a modest comeback as Bitcoin hits $105k level

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    from color as theory to generative art with NFTs

    from color as theory to generative art with NFTs

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Mintable unveils green NFT card game at Singapore climate festival

    Mintable unveils green NFT card game at Singapore climate festival

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

  • Gaming
    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players

    A Steam Deck Rival That Supports Crypto Games

    A Steam Deck Rival That Supports Crypto Games

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

BTC vs ETH – Can one’s price outdo the other’s prediction in 2023?

December 15, 2023
in Bitcoin
1
Dogecoin offers a buying opportunity at this price level
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Journalist

Posted: December 15, 2023


  • The ETH/BTC chart has been in a long-term downtrend.
  • In comparison, the strength of Bitcoin was clear and is likely to continue.

Since October, Bitcoin [BTC] has rallied by an impressive 57.5% as of press time. In the same period, Ethereum [ETH] gains measured 48.34%. The difference is not much, but ETH has been underperforming for close to a year now.

This means that during times when Bitcoin runs higher, Ethereum doesn’t achieve equivalent or higher gains. During periods of a downturn, Ethereum prices suffer more than Bitcoin’s.

Is this trend likely to reverse?

Technical analysis of the ETH/BTC chart underlined gloom

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: ETH/BTC on TradingView

The ETH/BTC chart on the one-day timeframe highlighted the downtrend that has been present since early June. The inference was that ETH just wasn’t able to keep up in terms of performance. And the story doesn’t end there.

The zone of resistance highlighted at the 0.055 region represented a key resistance zone that ETH bulls will need to breach to reverse their fortunes. However, the market structure was bearish.

The 61.8% Fibonacci retracement level was tested on 10th November. It was followed by a rapid reversal.

A move below the 0.051 mark would signal that ETH/BTC was headed much further lower. If that happens, traders and investors could exit the ETH market if a higher timeframe bearish market structure break occurs.

Assuming Bitcoin climbs above the $45k key resistance but ETH/BTC falls, participants could look to shift their funds to BTC to ride the trend higher.

Assessing sell pressure on ETH and BTC

A sign that sell pressure is imminent on an asset is if we spot large inflows to exchanges. If that happens, the exchange reserve for the asset would shoot skyward. In the case of both Bitcoin and Ethereum, this has not yet occurred.

See also  Ethereum, Bitcoin ETFs face sudden outflows; Is a market shift in play now?

The BTC exchange reserve has consistently trended lower since June. Despite the downtrend, there was a noticeable spike from 5th December to 12th December. Just after this spike, Bitcoin prices tumbled from $43.7k to $41.2k.

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: CryptoQuant

The Ethereum reserves saw less volatility. It, too, was in a downtrend and has been since February 2023.

Ethereum saw a small spike in the reserve between 11th-13th December, but the increase came during and after the price drop. This suggested that some holders panicked due to what they perceived as a shift in trend, while BTC’s inflows preceded the fall.

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: CryptoQuant

The inference was Bitcoin reserves and flow could be a more accurate gauge of the next price direction than Ethereum.

However, this was based only on the recent spike, and is not a practical finding with a large sample size. Nevertheless it is something to look out for.

What is the sentiment of BTC and ETH like?

A look at the social volume for both crypto assets revealed that, as expected, Bitcoin’s social volume was far higher than Ethereum’s. Even so, their trends were pretty similar. This could be because of their price performances being closely interrelated.

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: Santiment

When Bitcoin rallies, so does Ethereum, but just not as much.

The MVRV ratio for Bitcoin and Ethereum also showed similar trends, but their magnitudes were vastly different. At press time, BTC stood at 41.17% while ETH was at 26.45%.


Read Bitcoin’s [BTC] Price Prediction 2023-24


Both values were at their respective six-month highs despite the recent dip in prices. The conclusion was that both assets were overvalued, with Bitcoin holders being at a greater profit, and hence, the happier.

It remains to be seen if these holders choose to realize their profits en masse and cause a large wave of selling.

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

See also  WIF's price prediction falls through, but here's why THIS could save it

Journalist

Posted: December 15, 2023


  • The ETH/BTC chart has been in a long-term downtrend.
  • In comparison, the strength of Bitcoin was clear and is likely to continue.

Since October, Bitcoin [BTC] has rallied by an impressive 57.5% as of press time. In the same period, Ethereum [ETH] gains measured 48.34%. The difference is not much, but ETH has been underperforming for close to a year now.

This means that during times when Bitcoin runs higher, Ethereum doesn’t achieve equivalent or higher gains. During periods of a downturn, Ethereum prices suffer more than Bitcoin’s.

Is this trend likely to reverse?

Technical analysis of the ETH/BTC chart underlined gloom

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: ETH/BTC on TradingView

The ETH/BTC chart on the one-day timeframe highlighted the downtrend that has been present since early June. The inference was that ETH just wasn’t able to keep up in terms of performance. And the story doesn’t end there.

The zone of resistance highlighted at the 0.055 region represented a key resistance zone that ETH bulls will need to breach to reverse their fortunes. However, the market structure was bearish.

The 61.8% Fibonacci retracement level was tested on 10th November. It was followed by a rapid reversal.

A move below the 0.051 mark would signal that ETH/BTC was headed much further lower. If that happens, traders and investors could exit the ETH market if a higher timeframe bearish market structure break occurs.

Assuming Bitcoin climbs above the $45k key resistance but ETH/BTC falls, participants could look to shift their funds to BTC to ride the trend higher.

Assessing sell pressure on ETH and BTC

A sign that sell pressure is imminent on an asset is if we spot large inflows to exchanges. If that happens, the exchange reserve for the asset would shoot skyward. In the case of both Bitcoin and Ethereum, this has not yet occurred.

See also  Should Bitcoin investors worry as BTC price chart turns red?

The BTC exchange reserve has consistently trended lower since June. Despite the downtrend, there was a noticeable spike from 5th December to 12th December. Just after this spike, Bitcoin prices tumbled from $43.7k to $41.2k.

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: CryptoQuant

The Ethereum reserves saw less volatility. It, too, was in a downtrend and has been since February 2023.

Ethereum saw a small spike in the reserve between 11th-13th December, but the increase came during and after the price drop. This suggested that some holders panicked due to what they perceived as a shift in trend, while BTC’s inflows preceded the fall.

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: CryptoQuant

The inference was Bitcoin reserves and flow could be a more accurate gauge of the next price direction than Ethereum.

However, this was based only on the recent spike, and is not a practical finding with a large sample size. Nevertheless it is something to look out for.

What is the sentiment of BTC and ETH like?

A look at the social volume for both crypto assets revealed that, as expected, Bitcoin’s social volume was far higher than Ethereum’s. Even so, their trends were pretty similar. This could be because of their price performances being closely interrelated.

Analyzing the performance of Ethereum against Bitcoin- will ETH pick up steam soon?

Source: Santiment

When Bitcoin rallies, so does Ethereum, but just not as much.

The MVRV ratio for Bitcoin and Ethereum also showed similar trends, but their magnitudes were vastly different. At press time, BTC stood at 41.17% while ETH was at 26.45%.


Read Bitcoin’s [BTC] Price Prediction 2023-24


Both values were at their respective six-month highs despite the recent dip in prices. The conclusion was that both assets were overvalued, with Bitcoin holders being at a greater profit, and hence, the happier.

It remains to be seen if these holders choose to realize their profits en masse and cause a large wave of selling.

Tags: BTCETHoutdoPredictionPrice

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Sotheby’s Breaks Ground with Historic Auction of Bitcoin Ordinals NFTs

Sotheby’s Breaks Ground with Historic Auction of Bitcoin Ordinals NFTs

Comments 1

  1. ms354 says:
    2 days ago

    where to get generic clomid pill where buy cheap clomid tablets where buy clomid tablets can i get cheap clomid without dr prescription cost generic clomid without insurance can you get clomid prices can i get clomid without rx

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Can Quantum Computers Make Bitcoin and Blockchain Technology Obsolete?

Can Quantum Computers Make Bitcoin and Blockchain Technology Obsolete?

October 21, 2023
Would It Surpass $70K Soon or Is a Dip to $48K Coming?

Would It Surpass $70K Soon or Is a Dip to $48K Coming?

August 14, 2024
XRP Faces Extended Bearish Pressure At $0.4937 Amid Market Weakness

XRP Faces Extended Bearish Pressure At $0.4937 Amid Market Weakness

June 21, 2024
A Dream Team for Web3 Innovation

A Dream Team for Web3 Innovation

November 29, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Beyond Pay by Phone: Crypto and Other Payment Methods Not on Gamstop for Birmingham Players
  • A Steam Deck Rival That Supports Crypto Games
  • NFT market makes a modest comeback as Bitcoin hits $105k level

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.