Technicals Point To Extended Ethereum Dominance Over Bitcoin

Technicals Point To Extended Ethereum Dominance Over Bitcoin

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Although institutional interest has undeniably been focused on Bitcoin, Ethereum’s lower cost of entry and unstoppable momentum, have allowed the Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin

ever since.

Related Reading | Ethereum Open Interest Reaches All-Time High Alongside Record Breaking Rally

Dmytro Volkov, CTO of CEX.IO says that although Bitcoin trading volume has “doubled” recently on renewed “hype,” Ethereum trading turnover on the platform has increased three-fold during the same timeframe. The ETHUSD trading pair specifically soared to over five times the average trading volume, accounting for as much as “20%” of the platform’s total volume.

Top industry analysts expect Ethereum price to follow the trading volume and double now that the record has been smashed, much liked Bitcoin did. But that’s not the only pattern that the ETHBTC on TradingView.com

ETHBTC Forms Near Flawless Technical Pattern On The Verge Of Powerful Breakout

The chart pictured above shows the symmetrical triangle pattern formed over the last several years between the Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin

will give Bitcoin a run for its crypto market dominance in the months to come.

Featured image from Deposit Photos, Charts from TradingView.com