A few the technical analysis:
The price of ETH/BTC is in dangerous proximity from horizontal support (blue line). If the price break her will fall much below, probably (0,04-0,05).
The price of ETH/BTC is in dangerous proximity from horizontal support (blue line). If the price break her will fall much below, probably (0,04-0,05).
That would be true... Only if Ether was still mainly traded for btc. But the fact is %29 of volume comes from Ether/KRW from Bithumb, %10 comes from Ether/USD from Bitfinex.
Ether/BTC pair is only %4 from Poloniex.
So analysing Ether/KRW chart could be better.
