3 Bullish Ethereum Signals and 1 Reason to Stay Careful
Ethereum (ETH) price has gained 19.6% over the past month. That beat the 5.2% rise in Bitcoin (BTC) and led the 20 largest cryptocurrencies.
The second-largest cryptocurrency is flashing three bullish signals in the final days of July. On-chain data still shows the asset short of a confirmed bottom.
ETH/BTC Ratio Hits a 3-Month High
The ETH/BTC ratio climbed to 0.030, its strongest reading in 3 months. The ratio shows Ethereum's strength relative to Bitcoin, regardless of whether the overall crypto market is rising or falling.
A rising ratio suggests that Ethereum is outperforming Bitcoin. This often signals a stronger demand for ETH.
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