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Data shows pro traders are currently more bullish on Ethereum than Bitcoin -Breaking

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Ether, a cryptocurrency that is used to make money online, has been noticed by most traders.ETHPrice has outperformed the market ().BTCThe ratio has been rising for several months and is now at more than 230%. It recently reached a record high of 0.089 BTC on December 9.

Coinbase (NASDAQ 🙂 ETH/BTC pairs TradingView

Just to put it in context, Ether’s current market capitalization is $490 Billion. That’s 54% of Bitcoins total $903 billion. It was a paltry 15% at the end of 2020, which suggests that there have been some changes. While it might not be what Ethereum-maximalists had hoped for, it’s still quite respectable.

Bitcoin and Ether futures base. Source: Laevitas.ch
Bitcoin traders are the best in long-to short ratio. Source: Coinglass
The long-to-short ratio of Ether’s top traders is 1. Source: Coinglass