Linear scale.
ETH has gone much lower than I anticipated, and much lower than BTC.
After a bounce this morning off the 1Y ETH/USD trendline (green), the ETH/BTC pair finally appear to be outperforming BTC/USD, beginning to make up for it's huge loss over the last 24 hours.
Let's watch this down channel and see if we can break out in the next few days.
ETH has gone much lower than I anticipated, and much lower than BTC.
After a bounce this morning off the 1Y ETH/USD trendline (green), the ETH/BTC pair finally appear to be outperforming BTC/USD, beginning to make up for it's huge loss over the last 24 hours.
Let's watch this down channel and see if we can break out in the next few days.