The post Ethereum is Falling Against Bitcoin-Is This the End of the Altcoin Reckoning? appeared first on Coinpedia Fintech News
It is a known fact that the altcoins follow the second largest crypto, Ethereum. Moreover, when the token displays acute strength and becomes stronger than Bitcoin, the probability of an altcoin cycle emerges. This has been happening each time during the previous cycles, and hence a similar trend was expected to mirror the present.
Unfortunately, after maintaining a consolidated sideways trend for over a couple of weeks, the rally failed to gather the required volume and momentum. Therefore, now it is believed that the ETH/BTC pair could be all set to reach the lower support, which may fade away the possibility of an altseason for a while.
The ETH/BTC pair had earlier plunged below the pivotal trend line and also registered a failed attempt to reclaim these levels. After the strong rejection, the pair dropped heavily and began to consolidate within a narro
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