quantmaven

ETH/BTC Spread: Extended Fifth Underway!

Long
Readers who followed my calls know that I like to look at the ETH/BTC Spread because it serves as a risk on/risk off barometer to the crypto market. Ethereum has resumed its uptrend and is now significantly outperforming Bitcoin. The great decoupling is finally underway after weeks of it doing nothing. As the ratio became almost to the point of going out of my blue channel, I started to be worried that my analysis would be wrong but it's not the case with the latest developments. The ratio is now around 0.07 ETH per 1 BTC. I expect this ratio to go as high as 0.18 ETH per 1 BTC in the upcoming months!
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