The ETH/BTC spread is often seen as a risk on / risk off barometer for crypto markets. Whenever it falls, it means the risk appetite for riskier alt coins is falling and vice-versa. If the giant triangle theory I started to noticed more lately is correct, the ratio at the end of the correction is gonna be 0.055 ETH per BTC. With ETH, the bottom of the triangle is around 1,700, which gives a level of 31,000 as the bottom for BTC.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.