Strategist: ETH/BTC exchange rate may have bottomed out, and breaking through this month's high will drive a trend reversal

LMAX Group market strategist Joel Kruger said that the current Ethereum price trend is showing signs that it may be ending the multi-year decline compared to Bitcoin.
"There are indications that Ethereum may finally be bottoming out after a long-term downtrend against Bitcoin," Kruger said in a market note on Monday. "We believe it is important to keep a close eye on the current monthly highs for the ETH/BTC exchange rate, and a breakout above and above the current monthly highs will help boost the prospect of a trend reversal."