Compared to the gains in BMNR and ETH yesterday, the breakout of the large bullish candle on ETH/BTC is even more exciting, indicating that ETH is not simply following BTC's rise but is showing a stronger upward momentum.
Rising from a June low of 0.025 to 0.033, if the driver behind yesterday's crypto surge was liquidity from Treasury repurchases plus positive sentiment from the White House crypto meeting, the strength of ETH/BTC confirms the narrative: clear regulation → tailwinds for tokenization → tailwinds for ETH.
PS: Heard yesterday's liquidation event was second only in scale to Oct 11, but this time it was short sellers who got liquidated.
$BitMine Immersion Tech(BMNR.US)
$IShares Ethereum Trust ETF(ETHA.US)
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