Technical analysis by Mohammad_Mirdehghan about Symbol ETH: Sell recommendation (11/8/2023)

The Ethereum to Bitcoin price ratio chart indicates that Ethereum's price remains influenced by the fluctuations in Bitcoin's price. The pattern displayed on this chart suggests that Ethereum is likely to endure buying pressure from Bitcoin in the market. However, the ideal range to anticipate a more substantial movement for Ethereum against Bitcoin would be around the parity level of 0.0490-0.0456. Furthermore, the market is expected to facilitate more substantial bullish movements for Ethereum by providing additional support for Ethereum.