Today in Markets

ETH Pump Incoming?

Ethereum finally showed signs of strength against Bitcoin dominance
Jack Inabinet Jack Inabinet Dec 8, 20231 min read
market analysis ETH Pump Incoming?

Ethereum comeback? ETH/BTC closed below lows set during the 3AC collapse on Wednesday before putting in a decisive 6.7% relief rally yesterday. Today, the ratio finds itself yet again in decline, down 1.3% on the day. How long can an ETH revenge pump last?

Bitcoin dominance has fallen over 2% over the past two days, indicating that alts are experiencing momentary strength, but they’ve been bleeding out since the collapse of FTX, and dominance continues to establish higher highs.

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