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Ethereum breaks out vs. Bitcoin: Why one trader says ETH/BTC looks 'absolutely insane'

Published 04/21/2021, 09:00 AM
Updated 04/21/2021, 10:40 AM
Ethereum breaks out vs. Bitcoin: Why one trader says ETH/BTC looks 'absolutely insane'
ETH/BTC
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BTC/USD
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Ether (ETH) price is seeing green in its Bitcoin (BTC) pair on April 21, reaching the highest levels since early February. Given the technical breakout of ETH/BTC, traders are beginning to expect a strong rally in the foreseeable future.

During the first two weeks of April, ETH was outperformed by Binance Coin (BNB), the native token of Binance Smart Chain.

ETH/BTC 4-hour price chart (Binance). Source: TradingView.com
Total value staked in eth2. Source: CryptoQuant

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