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Ethereum has just printed at its highest level in 7 months compared to Bitcoin. 

The ETH/BTC chart below has shown increased volume in the past few sessions.

The next important resistance level on the upside is 0.02981. This level was a previous support zone from late January 2019.

Now the level has been breached its a clear indication that investors are favouring Ethereum over Bitcoin for now.

When the Bitcoin halving takes place next month then maybe BTC will make a comeback.

In terms of support, ETH/BTC found some support recently at 0.02452 so that will be the first point of call.

Beyond that, 0.023 has been also been an important resistance on the chart.

Ethereum vs Bitcoin

 

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