Ethereum forecast: one ETH buys 0.0293 Bitcoin after five weeks of losses against BTC

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.One Ethereum costs 0.0293 Bitcoin on October 19, only 1.5 percent above the low of the past three months. The dollar price is standing still at $2,400 while the yardstick against Bitcoin has been falling for five weeks.One Ethereum costs 0.0293 Bitcoin on Monday evening. That is the yardstick that decides whether holding ETH pays off against BTC, and for five weeks it has pointed one way: down. From the high of 0.0327 on September 13, 10.4 percent has gone, and only 1.5 percent now separates it from the three-month low of 0.0289. The dollar price hides this. Ethereum trades at around $2,400 on October 19, practically where it stood yesterday, or €2,141. Look only at that and you see a quiet day. Count in Bitcoin and you see the twelfth day of a decline. Where the price can point on a horizon of months is something our Ethereum price prediction puts in context. The ETH/BTC ratio: what the figure 0.0293 means The ETH/BTC ratio is the price of one Ethereum expressed in Bitcoin rath...