Bitfinex allows up to 5x leverage trading by providing traders with access to the peer-to-peer funding market. Bitfinex offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Dec 21, · Like Bitcoin, Ethereum’s price surge started last Saturday, when the coin sat just below a strong resistance level at $ Any trading or other financial decision you make shall be at your. Dec 16, · While bitcoin has touched a new all-time price high, the second-largest crypto market held by ethereum has also gained a lot of momentum. On .
Bitcoin to ethereum tradingETH BTC – Ethereum to Bitcoin Price Chart — TradingView
However, it was a big participant in the Bitcoin-led rally that dominated this week. Obviously, ETH has shown an extreme correlation with BTC, but the correlation is not all that the coin has going for it.
Ethereum has recently concluded Phase 0 of its Ethereum 2. Not to mention that DeFi, which went huge this year, was born on Ethereum, and the second-largest crypto project is still the most dominant platform for DeFi project development.
With this week being a massive success for Bitcoin and Ethereum, many are now waiting to see how will this all play out. After all, historical data suggests that BTC typically surges quite a bit several months after going through one of its halvings. There are some who disagree with this, noting that the two are unrelated, and that Bitcoin moves in cycles, with the fact that growth comes after halving being only a coincidence.
Others expect the coin to experience a major correction, which may pull it down to some lower levels, potentially even cutting its price in half. While this might be a possibility, the demand for the coin is higher than ever, and so is BTC price, as the new bull run that was awaited since is finally starting.
As for Ethereum, the coin is still tied to Bitcoin itself, and it is unlikely that it will decouple from it anytime soon. But, there is no doubt that ETH has a lot of potential, and that it will likely start attracting even more traders as it progresses towards Ethereum 2.
Crypto Hub. Economic News. Expand Your Knowledge. Forex Brokers Filter. Trading tools. Macro Hub. Corona Virus. Stay Safe, Follow Guidance. World 79,, Confirmed. Fetching Location Data…. Get Widget. Big Week for Bitcoin and Ethereum — The Largest Coins Experience a Strong Price Surge is finally coming to an end, and given everything that happened this year, not a lot of people will be particularly sad that it is ending.
Note: Low and High figures are for the trading day. To some, the move higher may cement a growing case for Bitcoin to be included as an asset class among other more traditional investments.
Many investing elites are already in the former group, however, with titans like Stanley Druckenmiller, who announced he owns Bitcoin in November. Momentum may persist further with the MACD continuing to diverge higher, however.
The The next rally may see the The usefulness of Fibonacci extensions to help find technical levels as prices venture into the unknown can be handy for these situations and may explain why many Bitcoin traders have an affinity to them.
Chart created with TradingView. The technical structure in Ethereum compared to Bitcoin appears similarly bullish with recent price action following a nearly equal tempo and cadence. The move may have some gas left in the tank, however, with the MACD continuing to diverge after a recent crossover above the signal line. RSI sits below the 70 overbought level too. To contact Thomas, use the comments section below or FxWestwater on Twitter. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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