Strategist: ETH/BTC Exchange Rate May Have Bottomed Out, Potential Trend Reversal If This Month's High is Surpassed

BlockBeats News, February 18, according to CoinDesk, LMAX Group market strategist Joel Kruger said that the current Ethereum price trend is showing signs of potentially ending its years-long decline against Bitcoin.

In Monday's market report, Kruger stated: "There are indications that Ethereum may finally be bottoming out relative to Bitcoin's long-term downtrend. We believe that closely watching the current ETH/BTC exchange rate's monthly high is crucial, and if broken and above the current monthly peak, it will help drive the prospects of a trend reversal."

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