Bitcoin is nearing 108k resistance, but ETH/BTC(left) just broke below its 200SMA and is heading toward support. Meanwhile, ETH.D(right) touched its 200SMA, if that breaks, expect more downside.
Key points:
• ETH/BTC weakness shows Bitcoin’s strength
• Ethereum dominance at a critical level, break below signals more weakness
• ETH/USDT could rally if both charts bounce from their relative supports
