Range in ETH/BTC Continues

in #range • 7 years ago

The range in the ETH/BTC pair continues for another week. On the other hand Dash continues to slowly gain ground on bitcoin.
Range in ETH/BTC Continues

The weeks-long trading range in ETH/BTC continues. We are currently quoted at 0.07304, up by few percentage points since last week. No important support/resistance points have been taken out yet.

As you can see on the chart below, the range is getting ever narrower, a good indicator that we will see a breakout soon. Will the catalyst be Metropolis, the expected protocol upgrade? If everything goes well on the testnet, Byzantium, the first part of the Metropolis upgrade, should launch around October 9th.

Read more: https://blog.fxopen.com/range-in-ethbtc-continues/

7 years ago in #range by
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