Ethereum Bulls Eye ETH/BTC Breakout as ETF Outflows Continue to Mount

The ETH/BTC technical pair staged a breakout against a key descending trendline this Tuesday, November 3, despite U.S. spot exchange-traded funds maintaining a negative capital balance. Charts published by technical analysts Max Crypto and Ash Crypto on November 3 showed signs of technical recovery for Ethereum against Bitcoin following the cumulative declines in October. The publications documented two specific chart developments: closing above a long-term ascending support line and breaking through a daily descending diagonal resistance.