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177 Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall

CoinDesk
Krisztian Sandor @ CoinDesk 2 place · today 15:34 EDT

Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall

ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.

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