ETH Remains Resilient Against Bitcoin
Ethereum (ETH) price remained sideways on Thursday despite a negative price action shown by Bitcoin and most other digital assets. As a result, while the ETH to USD price remained unmoved, the ETH/BTC pair was up 0.76% till press time.
At the press time, the native asset of the most widely used smart contract platform was trading at $2030 which was well below its weekly high of $2077. However, the outlook on ETH remains positive as most analysts are betting on the bullish continuation in the coming weeks.
The market dominance of Bitcoin (BTC.D) experienced a 0.37% correction today. This was the primary reason behind the strength shown by Ethereum and a few other digital assets.
The most critical level for Ethereum price right now is the yearly high of $2,148. This level must be reclaimed to aim for more upside till $2,500. However, this may only happen if the Bitcoin price soars above $38,000 in the coming days, as time is running out for the bulls.
