ETH May Continue to Weaken Against BTC in the Coming Days
- KALEO tweeted an update to his multi-threaded analysis on ETH/BTC today.
- The trader believes that ETH/BTC will continue to drop in the coming days.
- At press time, the price of both BTC and ETH printed 24-hour losses.
The popular crypto trader KALEO (@CryptoKaleo) tweeted yesterday that ETH/BTC “still looks terrible”. The tweet builds on to a long thread that was first created back on December 22 of last year, wherein KALEO has been consistently posting updates on the trading pair ever since.
A number of members in the crypto community believe that Ethereum (ETH), the leading altcoin in terms of market cap, will eventually overtake Bitcoin (BTC) in terms of market cap. However, KALEO’s ongoing analysis of ETH/BTC may force this belief to subside, albeit temporarily.
According to the trader, ETH will weaken against BTC in the coming days. KALEO’s latest tweet concluded with the words “send it lower,” which suggests that KALEO currently has a bearish stance on ETH/BTC.
At press time, the price of both BTC and ETH dropped over the last 24 hours according to CoinMarketCap. Currently, BTC’s price i…
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