Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair -Breaking
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© Reuters Ether is the theme this weekETHIn comparison to (, ), the ) was at a new 2021 record high.BTCThe rally’s year-to-date returns are slightly higher than 350%. Technical analysis suggests that the rally may go even farther.
December 1st, Coinbase (NASDAQ 🙂 saw the highest bids of the pair at 0.0835 BTC for the first-ever time in this year’s history. This upside movement was part of an upward trend that began in October after Ether dropped against Bitcoin to 0.0630 BTC. It was able to retrace almost 41% of the price decline.
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