Ether (ETH) is showing strength against bitcoin as BTC slips over 2%. ETH remains steady near $3,230, lifting the ETH/BTC ratio by more than 2%. A breakout from the downward channel could signal further upside potential for ETH over BTC. The MACD histogram hints at a bullish shift in momentum.

Ether’s price is in a counter-trend downward channel, with signs of seller exhaustion near $3,000. A breakout from the channel is needed to confirm a broader bullish outlook. A potential rally in ether could lead to rallies in other major tokens, including XRP.

The XRP/BTC ratio is coiling in a four-year range, gearing up for a significant breakout. A surge in ether could catalyze a bullish resolution in the XRP/BTC ratio, potentially triggering notable gains for XRP. Traders should keep an eye on these key charts for potential trading opportunities.

Read more at Yahoo Finance: 3 Key Charts to Track as Ether Strengthens Against Bitcoin