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.
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