ETH strengthens against BTC for the first time since 2022

CryptoRank analysts are noting a breakthrough of the 365-day moving average for the ETH/BTC pair. For the first time since Ethereum's transition to PoS in September 2022, the coin is showing a consistent upward momentum.

The current support at 0.02 has provided a bounce, while the historical high of 0.08 requires ETH to rise to $9,600 with BTC at $120,000.

$BTC

BTC

66,942.36

-1.48%

$ETH

ETH

1,955.7

-1.74%