ETH/BTC Trend FlipAug 19, 2021
ETH/BTC has broken above the upper trend line that formed over the course of the last few months. Generally in periods of positive sentiment, ETH tends to outperform BTC (which we highlighted in an Ethereum report last month).
The fake out possibility exists in this scenario too. A true sign of trend confirmation would be consolidation above the trend line or an immediate continuation of ETH/BTC’s rally.