The Ethereum vs. Bitcoin indicator is useful for providing insight into the performance of Ethereum compared to Bitcoin. When the ETH/BTC indicator is high, it means that Ethereum is strengthening against Bitcoin, and conversely when it is low, it means that Ethereum is weakening against Bitcoin.
The relationship of this indicator to alternative currencies comes from the fact that Ethereum is usually considered one of the main currencies in the digital currency market, and therefore it is used as a reference point to measure the performance of alternative currencies. When Ethereum performs well against Bitcoin, the value of altcoins may also rise, and conversely when Ethereum performs poorly, the value of altcoins may decline.
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