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Crypto Market Analysis: Ether’s Recent Strength vs. Bitcoin Reaches Key Crossover Signal

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Market Analysis: The potential crossing of the $ETH/$BTC 10-day moving average above the 100-day moving average was poised to occur Thursday. A positive crossover is often a bullish sign. GWilliamsJr_CMT reports

Ether's price has outperformed bitcoin over the past 10 days, increasing 15.4% versus BTC's 7.7% rise.

The current RSI for the ETH/BTC pair is 57.22. Filtering for RSI levels above 55 but below 58 for data dating to 2017 yields inconclusive results. In more than 1,845 observations, the RSI for the ETH/BTC pair has fallen within this range just 116 times. The potential crossing of the ETH/BTC 10-day moving average above the 100-day moving average is poised to occur Thursday. This so-called moving average crossover occurs when a shorter time frame moving average crosses above a longer period moving average. A positive crossover is often a bullish sign.

 

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GWilliamsJr_CMT That's why I'm looking for the best entry points to open longs on bitfinex

GWilliamsJr_CMT Bullish, nice to see that word again!

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