As per Cryptofrontnews, Ethereum (ETH) has broken a multi-month falling wedge against Bitcoin (BTC) after weeks of compressed trading. The move, noted by Merlijn The Trader, reflects a shift in market structure and short-term positioning. Intraday data shows ETH outperforming BTC, with a 0.51% increase to $3,038.73 and a 30.7% rise in trading volume to $19.24B. Market watchers are now observing whether the ETH/BTC pair can progress toward the $0.038–$0.040 region.
Ethereum Breaks Multi-Month Compression, Shows Renewed Strength Against Bitcoin
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