Considering the cryptocurrency market is moving forward and attracting a larger number of users, many investors are starting to look at different trading pairs related to Bitcoin. One of them is the ETH/BTC trading pair, which is currently gathering the attention of enthusiasts and traders. In this article, we will share some of the most interesting trading opportunities related to the ETH/BTC trading pair and how it is possible to leverage the upcoming bull market in the crypto space. Moreover, we will share with you how it is possible to improve your trading strategies by following AltSignals trading signals.
It is worth taking into account that all the information provided by AltSignals and its writers shouldn’t be considered, by any means, investment advice. All the data shown in these articles is for educational purposes and should be taken as such. Always request professional advice before investing and never invest more than what you are able to lose. Remember that the cryptocurrency market is very volatile and that it could be very harmful to your financial life. The ETH/BTC trading pair is attracting the attention of traders since this is one of the most active BTC markets in the space. Indeed, after Bitcoin, Ethereum is the second-largest cryptocurrency in the world. That means that there will be a very liquid market, which could be very useful for swing and day traders. The virtual currency market is starting to attract more users due to the fact Bitcoin (BTC) and other digital assets are starting to grow. This is going to be the year of the next Bitcoin halving that could eventually push Bitcoin to new highs. This is very important at the time of understanding how the market will behave and how the ETH/BTC trading pair would behave.
During the first part of 2019, Bitcoin and other digital assets entered a bull market. Nonetheless, it was not possible for Ethereum to surpass Bitcoin’s growth. During this time, Bitcoin grew faster than altcoins. This can also be seen in Bitcoin’s market dominance that surged to above 70%.Despite that, the upcoming bull market seems to be different from the one the crypto market experienced in 2019. For example, Bitcoin and altcoins are growing but this time altcoins are growing faster than Bitcoin. It is also possible to see that Ethereum is one step away from reaching its highest point since July 2019 against Bitcoin. This is very promising. This could be the very beginning of the next bull market for Ethereum and cryptocurrencies. One of the most interesting things is that not only Ethereum is behaving bullishly, but also other altcoins traded against Bitcoin are experiencing gains. According to data provided by TradingView, technicals show it is a good moment to buy this virtual currency. However, we do not recommend any specific trading pair. The main goal of the article is to show how the market is behaving and what we could expect for the future. The current important level to take into account is the 0.0226 BTC per ETH. If Ethereum is able to move upwards, this level that was working as resistance can behave as support in the future. It is possible for the digital currency to move higher and fall after moving up this level, something that would be considered a healthy correction. If you are checking this trading pair, be sure that you follow what is going on with the 0.0226 BTC region and whether it will help Ethereum grow further or not.
It will certainly be a very interesting year for both Bitcoin and Ethereum. Indeed, as mentioned before, Bitcoin will be experiencing a halving event that could allow the virtual currency to reach new highs in the future. Ethereum instead is going to be experiencing a different year. The community is trying to get closer to Ethereum Classic (ETC) and move forward towards the new Proof of Stake (PoS) consensus algorithm they would allow the whole Ethereum network to become more efficient and fast. If new announcements are made by Etheruem developers regarding their future plans for the virtual currency, then it can be very positive for the digital asset. Indeed, it can help it grow for short periods of time against BTC. Nonetheless, if there is a negative situation involving Ethereum - hacks, bugs, contentious forks - then it can harm the ETH/BTC trading pair.
With AltSignals, one of the most popular and recognized crypto trading signals providers in the market, it will be possible for you to trade virtual currencies and improve your strategies.If you start following their signals in the market, then you would be able to easily change the way in which you enter and leave the market. Considering they are now offering trading signals for Binance and BitMex, it will be possible for you to have trading signals about the ETH/BTC trading pair. These signals would provide you with valuable information about the time in which you should enter or leave the market and how to do it. At the same time, the team behind AltSignals provides exclusive insights about a wide range of trading pairs, if you have the premium plans.
In this article, we aimed at sharing with you which were the main things to take into account regarding the ETH/BTC trading pair. We have also explained to you that using AltSignals would be a very useful tool that would help you plan your investments and trading strategies in the future. There is a new bull market being formed. Different trading pairs, including the ETH/BTC one, would certainly open new opportunities for traders. WIth AltSignals you can make sure that you will never lose an opportunity to enter and / or exit the market never again.
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