ETH is currently at $1587, up 0.2% in the past 24 hours. The BTC/ETH exchange rate is 0.0267, and ETH’s market cap share is 8.9%.

At this exchange-rate level, ETH is relatively undervalued versus BTC, with room for a catch-up rally.

Trading idea: Go long near $1563 for ETH, set a stop loss at $1531, and targets at $1642 / $1682. If it breaks below $1539 on increased volume, then wait and don’t rush to buy the dip.

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