#MarketPullback Brief Analysis of the Cryptocurrency Pair: ETH/BTC

The ETH/BTC pair is one of the most prominent pairs in the cryptocurrency world, reflecting the relationship between the second-largest cryptocurrency by market capitalization (Ethereum) and the oldest and most famous cryptocurrency (Bitcoin).

This pair is not used to measure value in dollars but shows the relative strength between Ethereum and Bitcoin. When this pair rises, it means that Ethereum is outperforming Bitcoin, and the opposite is true.

Interest in this pair is important for investors who prefer to diversify their portfolios within the cryptocurrency market, without reverting to dollars or traditional currencies. This pair is also an indicator of how the market is trending towards smart contracts and decentralized protocols versus the traditional trend of storing value in Bitcoin.