2 hours Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell WallCoinDesk

ETH advanced 4% during the day, outperforming BTC’s 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.

The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.

Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.

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