Anyone notice that Bitcoin and Ethereum seem tethered at a 10% ratio to each other for the last few weeks?
As both currencies move, Ethereum seems to move with Bitcoin at 10% more or less of it's total value. This has been happening for the last few weeks. It could mean absolutely nothing at all, or perhaps does mean something. They obviously have a close relationship where one effects the other. Will this 10% tether continue? I doubt it. I really think with this bull pullback we are seeing there will be bigger gains in the near future for ETH. BTC is another story, it really all depends on whether or not it hard forks into 2 separate currencies soon.
It will be interesting to watch.
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