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Crypto Market Analysis: Ether’s Recent Strength vs. Bitcoin Reaches Key Crossover Signal


kram1

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Ether's price has outperformed bitcoin over the past 10 days, increasing 15.4% versus BTC's 7.7% rise.

Momentum in the ETH/BTC pairing over the same time period spiked 39%, using the 14-period Relative Strength Index (RSI) as a proxy for price acceleration. The RSI is a technical indicator that measures the magnitude of price changes for an asset. It can be used by investors to determine the speed of price movement, allowing it to be compared to past price levels.

The current RSI for the ETH/BTC pair is 57.22. Filtering for RSI levels above 55 but below 58 for data dating to 2017 yields inconclusive results. In more than 1,845 observations, the RSI for the ETH/BTC pair has fallen within this range just 116 times.

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