ETH-BTC Ratio Shifting: Is An Ethereum Mega Rally Incoming?

Ethereum prices are firm at spot rates, still trading above the $2,000 level, and multiple other factors point to possible trend continuation. According to Kaiko's data on November 12, not only is the ETH-BTC ratio shifting and reversing after extended periods of lower lows, but also there is a notable uptick in trading volume with funding rates in crypto derivative platforms shifting from negative to positive, suggesting increasing demand.

Timeline of Bitcoin, Ethereum

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions in its Chivo ATM network; and Trubit raises $6.

BlackRock recently registered its entity iShares Ethereum Trust as an exchange-traded funds registration, and Nasdaq reported this in a recent report filing. The backgrounds to this plan have been laid, and the news affected the cryptocurrency market as both major currencies rallied, and Ethereum (ETH) reached fresh highs above $2,000.

Amid warnings of an unfolding widespread financial crisis, Robert Kiyosaki, a renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,' has advised buying more gold, silver, and Bitcoin (BTC), arguing that world leaders want war and poverty.

Ethereum (ETH) saw a surge in its price that displayed a better performance than Bitcoin's (BTC) following the recent buzz on the exchange-traded funds (ETFs) plans by BlackRock. Both these major currencies witnessed a surge in their price as ETH reached a fresh high in the past 24 hours.

Robert Kiyosaki, famous expert in the sphere of finance and author of the classic book on managing personal finances “Rich Dad, Poor Dad”, has taken to the X social media network to make a crucial warning to the millions of his followers.

Ethereum has witnessed a notable price movement, breaching the $2,000 threshold. The significant market activity coincides with Ethereum cofounder Vitalik Buterin's recent transfer of 50 ETH, valued at approximately $106,000, to Coinbase Custody.

Ethereum (ETH) price experienced one of its best performing days on Thursday as Bitcoin (BTC) price teased $38k for the first time since the crypto capitulation induced by Terra Luna UST implosion.

Catching up to the market leader Bitcoin, Ethereum's token ETH price jumps by 12% overnight as Blackrock ignites a new bull run. With the news of the asset management goliath, Blackrock planning for an Ethereum ETF.

CME's rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.

The crypto prices today were in the green on Friday, November 10, despite Fed Chair Jerome Powell's warning of raising the interest rate further to tame inflation. Meanwhile, it seems that the market has shrugged off concerns over a potential rate hike by the U.S. Central Bank to bring down the inflation to their 2%