Bitcoin

Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June? By Cointelegraph – Investing.com



Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?

‘s native token Ether (ETH) has grown stronger against its rival for the top position — (BTC) — despite an ongoing crypto market rout. But can the pair continue to rally in the coming months? Let’s look at the charts.

ETH/BTC gained 5.5% between the May 9 low of 0.0720 and the May 10 high of 0.0759. ETH also rebounded by almost 9.75% against the U.S. dollar, and Bitcoin underwent a similar upside retracement in the same period.

ETH/BTC daily price chart. Source: TradingView
ETH/BTC weekly price chart featuring ‘ascending triangle’ breakout. Source: TradingView