Daily ETHBTC Update
There is not much between ETH and BTC at the moment but I currently hold a long term bias for ETH, but a short term bias for BTC. Long term ETH has been trending up against BTC but has now been in a consolidation triangle since the middle of May this year. ETHs recent short term uptrend has broken and BTC currently has the upper hand. I might note at this point that this dominance is only weak and is yet to provide us with a genuine trend. The market pullback over the last few days has provided BTC with a market cap advantage and it would surprise me to see ETH resume its dominance over BTC as soon as this correction is over.
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