The crypto market is witnessing a shift in sentiment as traders express disappointment with Ethereum's performance relative to Bitcoin. Ethereum has weakened against Bitcoin, with the 107 level identified as a critical technical point. The market is currently experiencing a divergence, with Bitcoin rising independently while major altcoins decline.
Traders are recommending a strategy of going long on Bitcoin, gold, and small-cap altcoins, while shorting Ethereum and Solana, suggesting this configuration is unlikely to fail in the short term. Technical analysis highlights the importance of the 107 level, with a potential breakout and recovery signaling strength. Additionally, a whale purchase of 260,000 ETH has been observed, though intense trading activity continues around the 4,400 level.
Bitcoin Gains Favor as Ethereum Weakens Against BTC
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