What is the ETH to BTC medium-term price trend?
Matthew ETH/BTC analysis shows that the pair is trading firmly above its key 200-day moving level, as the recent multi-week advance continues. The ETH/USD pair has remained well-supported on pullbacks, while the BTC/USD pair continues to fluctuate between the $9,000 to $10,000 levels. Looking at the daily time frame, the eth to btc
pair is currently trading within a symmetrical triangle pattern.The price is currently trading towards the top of the triangle pattern, which is located around the $0.0277 level. According to the size of the symmetrical triangle pattern the ETH/BTC pair could rally towards the $0.0320 level if a bullish breakout occurs.