ETH didn't not rally like some other large caps (like ADA or LINK) when BTC surged 30% three weeks ago. When will be the turn of ETH?
In my opinion, it may come soon for the following reasons:
- ETH broke the resistance trendline
- Volume indicators (CMF and MFI) did break also their trendline
- EMA 50D is about to cross the MA200D
If BTC breaks and hold above $36000, we expect a rally of ETH.
But we need to keep an eye on USDT.D (dominance) because it's close to the bottom and would bounce (meaning that prices of all other cryptos will fall).
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Kommentera:
+8% with news on ETH Trust's application of Blackrock.
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ETH/BTC chart: The bottom has been formed. ETH would outperform BTC from now on (on macro trend)
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ETH/BTC pair is strong. Value is back in the range.
It's likely that ETH will outperform BTC the next days/weeks to come.
It's likely that ETH will outperform BTC the next days/weeks to come.
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BTC has shown strength these days. Planned target is still playable for ETH
Trade stängt: målet nått:
Target hit +25%
