The ETH/BTC ratio has been one for the record books to say the least. The catalyst that could propel a spike in this ratio is likely BTC going above the 20 week moving average (MA) and holding it as support. We sit at the cusp or Bitcoin going above the 20 week MA. If we get rejected, expect the ETH/BTC to decrease. If BTC goes above the 20 week MA, then ETH will likely set it sights on a new normal valuation in relation to Bitcoin.
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