Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
Bepesand
on 19/08/2019, 13:44:40 UTC
Anyone looking at the ETHBTC ratio on Binanace right now?

I just noticed and it looks like for the last few hours there was a large wall exactly at 0.018848. So far there are 10,000 ETH on the bid which is about 200 BTC worth so about $2,000,000 however this wall has been getting filled for a while so the total order might of been much larger.

I am assuming that the money is coming back into alts and that we hit the low for ETHBTC at least for the ratio. In the near term I don't think we will go much lower. The dominance peaked at 70% and will probably slowly start heading back.

Things should get more interesting when we start September.

I saw that as well. The price in Bitfinex is also about 0.0188 now. It seems that big wall did not enhance the price further.