Ethereum’s Repeated Rally During US Market Open Hours Sparks Interest

Ethereum (ETH) has demonstrated a notable trend of rallying against Bitcoin (BTC) during the last four hours of the US market open, as observed in recent days. This behavior, highlighted in an analysis by Daan Crypto Trades, has caught the attention of traders. The pattern, seen twice consecutively, raises questions about whether it will occur again, suggesting a potential trading strategy for the coming days.

In a chart comparing Ethereum’s performance against Bitcoin on a 15-minute interval from KUCOIN, two distinct periods show Ethereum’s significant rally against Bitcoin. The first rally occurred during the last four hours of the US market open on June 25th. The second rally happened during the same period on June 26th. Outside these highlighted periods, the ETH/BTC pair displayed minimal movement or slight declines, indicating that these rallies are isolated to the end of the US market sessions.

The timing of these rallies coinciding with the end of the US market session suggests several potential influencing factors. These factors may include institutional trading activities, end-of-day settlements, or specific market news impacting Ethereum more significantly during this period. Observing two consecutive days of similar behavior suggests an emerging pattern. If this behavior repeats a third time, it could indeed be considered a pattern rather than a coincidence.

Traders might anticipate potential rallies in Ethereum during the last four hours of the US market open if this pattern continues. This anticipation could inform trading strategies, such as entering long positions in ETH/BTC earlier in the US market session to capitalize on the expected rally. This potential pattern provides a strategic trading opportunity for those closely monitoring Ethereum’s movements against Bitcoin.

At press time, the price of Ethereum (ETH) stands at $3,400, with a 24-hour trading volume of $10,418,065,277.45. This represents a 0.8% price surge in the last 24 hours and a 5.1% price decline in the past seven days. With a circulating supply of 120 million ETH, Ethereum holds a market cap of BTC6,666,960.3837. Despite its recent price decline, Ethereum’s behavior during the US market open hours offers a unique point of interest for traders.