Today in Markets

ETH Pump Incoming?

Ethereum finally showed signs of strength against Bitcoin dominance
Jack Inabinet Jack Inabinet Dec 8, 20231 min read
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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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