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ETH Pump Incoming?

Ethereum finally showed signs of strength against Bitcoin dominance

Jack Inabinet
Dec 8, 2023 • 1 min read

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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.

at least ETHBTC is green for the day

for how long tho pic.twitter.com/bjmeYboARc

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.