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Ether Upside Strengthens Relative to Bitcoin

The ETH/BTC ratio is holding support above 0.05 and could face initial resistance near 0.08.

By Damanick Dantes
Updated Sep 14, 2021, 1:39 p.m. Published Aug 13, 2021, 9:30 a.m. 1 min read
Weekly chart of ether-bitcoin (ETHBTC) price ratio.
Weekly chart of ether-bitcoin (ETHBTC) price ratio.

Ether (ETH) broke out of a two month consolidation relative to bitcoin (BTC) last week. The ETH/BTC ratio is holding support above 0.05 and could face initial resistance near 0.08.

Ether’s outperformance could signal growing interest beyond bitcoin given the appeal of decentralized finance (DeFi) and the Ethereum blockchain’s latest network update known as the London hard fork.

The chart below shows ETH/BTC’s long-term ascending channel, which provided strong support over the past two years.

Despite ether’s underperformance relative to bitcoin during the 2018 crypto bear market, the second largest cryptocurrency has maintained an uptrend that began in 2016.

Weekly chart of ether-bitcoin (ETH/BTC) ratio.
Weekly chart of ether-bitcoin (ETH/BTC) ratio.
Ethereum NewsBitcoinEtherTechnical AnalysisCryptocurrency Markets

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StablR freezes USDR and EURR after attacker mints $13.5 million in unbacked tokens

Yazan Francisco Rodrigues|Editör Jamie Crawley
31 dakika önce
Hacker facing screens with lines of code (Boitumelo/Unsplash)

The breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5 million in unbacked tokens, netting them $2.8 million.

Bilinmesi gerekenler:

  • StablR suspended USDR/EURR operations after a cyberattack. The tokens are now under-collateralized and don't meet the 1:1 backing required by MiCA.
  • The breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5M in unbacked tokens, netting them $2.8 million.
  • Following the breach, the...
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