Ether’s Quiet Rebellion Against Bitcoin ⚡

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Markets

Market Chart

What to know:

  • Ether, the eternal underdog, flexes its muscles against bitcoin. 🦾
  • The ether-bitcoin ratio might just stage a dramatic breakout. 🎭
  • The XRP-bitcoin ratio? Oh, it’s still contemplating its existence. 🧘‍♂️

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole, who probably spends more time staring at charts than blinking.

Ah, the rare spectacle of ether, the perpetual second fiddle, showing spunk against bitcoin on a day when the market seems to be collectively losing its marbles. Truly, the stars must be aligned. 🌌

Today, while bitcoin slinks down by over 2% to around $97,200, ether stands firm near $3,230, as if it’s silently mocking its elder sibling. This delightful divergence has pushed the ether-to-bitcoin (ETH/BTC) ratio up by more than 2%, proving once again that ether has no qualms about stealing the spotlight. 🎤

So, for those who enjoy staring at squiggly lines and pretending they mean something, here are three charts to keep your eyes glued to.

ETH/BTC Ratio

ETH/BTC Chart

The Binance-listed ratio is currently trapped in a downward channel, as if it’s contemplating whether to be bullish or just nap for a while. The slope is gentle, hinting at consolidation rather than outright despair. A breakout could signal that investors have finally remembered why they liked ether in the first place. The MACD histogram, meanwhile, looks eager to cross above zero, as if it’s whispering, “Let’s go, buddy!”

Ether

Ether Chart

Ether’s dollar-denominated price is also stuck in a downward channel, but there are signs of seller exhaustion near $3,000. The recent daily candles have long tails, as if the sellers are throwing in the towel. A breakout here could confirm that ether’s brief nap is over, and it’s ready to strut its stuff again.

XRP/BTC

If ether decides to rally, it could drag XRP along for the ride, giving the XRP/BTC ratio a much-needed adrenaline shot. After all, what’s a party without an awkward guest?

XRP/BTC Chart

The ratio has been coiling in a four-year range, building up tension like a soap opera cliffhanger. If ether surges, it could finally trigger a breakout, making XRP fans rejoice-or at least stop crying into their keyboards.

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2025-11-14 11:48