Crypto in Beast Mode: ETH Melts Faces, BTC Eyes ATH
Beast mode
Bitcoin’s nearing all-time highs, but Ethereum’s stealing the show—up approximately 30% in two days. RSI is flashing overbought, the 200-day looms, and ETH/BTC is ripping. Room to run or time to cool off?
Bitcoin mania
BTC is approaching the big ATH resistance area quickly. RSI has moved into very overbought levels here. Room to move some more and then a pause, or?
Source: Refinitiv
Exploding ETH
We did not expect ETH to move as fast as it has done when we mentioned the catch up potential vs. BTC only 2 days ago (here). Fast forward to today, and ETH is up some 30%. We have just crushed the 100 day, but 200 day still remains way higher. RSI at the most overbought levels since March 2024.
Source: Refinitiv
Extreme ETH
Biggest 2 day move since Q2 2021...
Source: Refinitiv
When you look at it this way
ETH/BTC ratio has surged over the past days, but zoom out for some perspective...
Source: Refinitiv
Crypto volatility
ETH stealing the show...
Source: Tradingview
Wait
What happened to the dollar debasement crypto logic? ETH and DXY moving in close tandem for a long time now...
Source: Refinitiv
Everybody loves lower bond volatility
BTC as well...Chart shows BTC vs MOVE (inv).
