BTCETH April 20, 2024: A New HighLooking at the weekly chart of VANTAGE:BTCETH BTCETH we can see that since the beginning of 2023, CRYPTO:BTCUSD has been steadily advancing relatively with CRYPTO:ETHUSD and has been at the new high for the last 2 weeks.
This means that for trend-following traders, BTC is clearly a preference for trading in the long direction.