Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?

Cointelegraph

Published Apr 18, 2023 08:29AM ET

Updated Apr 18, 2023 10:00AM ET

Ether (ETH) entered a sharp price recovery a week after hitting a six-month low versus Bitcoin (BTC).

On April 18, the widely-tracked ETH/BTC pair reached 0.0709 BTC, up about 15% from its local bottom of 0.0602 BTC six days ago. Now, the pair eyes a run-up toward 0.075 BTC by June, based on the fractal setup previously discussed here.

ETH/BTC daily price chart. Source: TradingView
ETH deposits vs. withdrawals. Source: Nansen
Net flows into crypto funds. Source: CoinShares
ETH/USD daily price chart. Source: TradingView

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