ETH/BTC chart is signaling a potential strong momentum ahead, i.e. the full-blown altseason might be on the horizon.
- $ETH is trailing behind $BTC as it hasn't hit ATH yet
- On-chain activity has dropped significantly... 5-10 gwei
Since October, altcoins have been gradually…

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Ethereum
Daily market data review and trend analysis, produced by PANews.
1. Market Watch: Tonight at 21:30, the US Bureau of Labor Statistics will release the January non-farm payroll report and make an annual baseline revision. The market expects only 70,000 new jobs to be added in January, with the unemployment rate remaining at 4.4%. However, many economists predict that the data may be far lower than expected, even close to zero growth, and the annual revision may erase more than one million jobs. The market is betting that the Federal Reserve may cut interest rates two to three times this year. Analysts point out that if the non-farm payroll data is lower than expected, the dollar will be under pressure, and gold may have a chance to rebound. ...

Trading Moment: With the non-farm payroll data release imminent, Bitcoin is challenging the 65,000 support level. The market is likely to remain volatile in the short term.