Ethereum seen extending gains over Bitcoin

Ethereum may continue to outperform Bitcoin after the ETH/BTC chart recently formed a golden cross, a strong bullish signal, CoinDesk reported. ETH has risen 25% against BTC since hitting a low on June 6, extending its relative uptrend since early June. CoinDesk said historical data showed ETH surged 93% against BTC in February 2021, when a golden cross previously appeared. The outlet added caution is still warranted, as the signal could turn out to be a bull trap.