Ethereum Price Rises Five Days in a Row, Resembles January Rally

The ETH/BTC exchange rate has shown a significant five-day upward trend, currently reaching 0.037. This level is reminiscent of the bullish rally observed earlier this year. Notably, traders saw losses totaling $22.45 million when attempting to maintain long positions on this pair last year. From 0.055 down to 0.03596, their strategy was abandoned after a year-long holding period. This current rate now aligns with the point where that trader ceased efforts.