Ethereum traders turn bullish on ETH/BTC as ETF outflows persist

Ethereum has broken above a descending trendline against Bitcoin, prompting bullish calls from traders even as U.S. spot Ether exchange-traded funds continue to record withdrawals. According to charts shared by Ash Crypto and Max Crypto on Nov. 3, Ethereum has…
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Explained in this story
Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinMore in Ethereum
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