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Ethbtcanalysis

#Bitcoin Bulls Press On, Will ETH Gains Be Reversed?Past Performance of ETHBTC BTC is ahead of ETH, looking at the arrangement in the daily chart. The recovery is albeit a solid performance of ETH in the past few days. Overall, from a top-down preview, Ethereum buyers remain in charge. This is further supported by the fact that the BTC lead has been at the back of decreasing volumes in the past few trading days. The longer-time view pattern favors ETH bulls from a volume analysis perspective. #ETHBTC Technical Analysis The April 26 bar ended lower and volatile. There were attempts to stem losses leading to a long lower wick suggesting the presence of ETH bulls. This, coupled with the fact that ETHBTC prices are still bound inside the recent bullish trade range, favors the upside. Still, it is until there is a buildup, ideally above 0.067 BTC with increasing volumes. For now, how prices react at 0.065 BTC would shape the immediate term with the awareness that losses may strengthen BTC, forcing prices towards 0.062 BTC. What to Expect from #ETHBTC? BTC bulls are pressing on, and there are a series of lower lows at the back of decreasing volumes. Even so, how prices react at 0.065 BTC today might determine the near-term formation. Conversely, there must be a conclusive close above 0.067 BTC for ETH bulls to resume the uptrend, aligning with the upswing from mid-April 2023. Resistance level to watch out for: 0.067 BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Ethereum Swings Higher, Will Bulls Break Above The Bear Flag?Past Performance of ETHBTC ETH buyers have the upper hand, per the price action in the daily chart. After gains of mid this week, bulls failed to push higher on March 2. Nonetheless, as long as the immediate support holds, buyers can extend recent gains, reversing losses posted in January. #ETHBTC Technical Analysis Technically, buyers are in control, at least per the performance in February. Resistance is at 0.072 BTC, while support is at around 0.068 BTC. Conservative traders can wait for a clear breakout before loading the dips, targeting 0.065 BTC if sellers take over, mirroring the trend back in January. In the short term, traders may look to buy the dip, scalping price action as long as prices are inside the bull bar of February 28. Every low above the middle BB and 0.069 BTC may offer entries for buyers angling for 0.072 BTC, or better, should bulls take control in the medium term. What to Expect from #ETHBTC? Ahead of a fundamental event in Ethereum, ETH bulls are gathering momentum, striving to reverse the losses of January. In the current consolidation and a possible bear flag, there must be sharp gains above February highs for confirmation of the uptrend. If not, there are high odds of BTC bulls taking over, resuming the downtrend. Resistance level to watch out for: 0.072BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#ETH Bulls Firm, But Will ETHBTC Slow Down at 0.072BTC?Past Performance of ETHBTC The uptrend remains valid, but ETH buyers have been flowing back. In a retest of the previous support line, buyers found resistance at 0.072BTC. There is a double bar formation signaling weakness. For ETH buyers to take over, there must be strong reversals of yesterday's losses with rising volumes. In that case, ETH will snap back to trend, qualifying the recent bear breakout below the wedge as a bear trap. #ETHBTC Technical Analysis The bear bar of January 24 defines the current formation, placing BTC buyers in the picture. After a 5% gain in the past two weeks, ETH found resistance at 0.072 BTC. If the uptrend is to continue, reversing losses of January 24 and canceling out sellers of late January, the breakout back to the rising wedge ought to be with expanding volumes. Buyers would, should this happen, set sights on 0.078BTC or January highs. Conversely, confirmation of yesterday's losses may trigger more sell-off, triggering BTC demand. In that likelihood, bears may ride the emerging trend, targeting 0.065BTC and confirming sellers of January 24. What to Expect from #ETHBTC? At the present formation, sellers are in control in the short term, syncing with the bear candlestick of January 24. Conservative traders can wait for losses below 0.065BTC before adding to their shorts. Any surge above 0.072BTC will invalidate the bear breakout and likely form the base for a leg up to the January high. Resistance level to watch out for: 0.072BTC Support level to watch out for: 0.065BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Bulls Firm, ETHBTC May Break Below Rising WedgePast Performance of ETHBTC After weeks of higher highs favoring Ethereum, the pendulum is swinging. Bitcoin buyers are taking charge, pressing lower as demand picks up. Overall, price action is confirmed within a rising wedge, technically in a bullish pattern. Even so, as long as prices are capped below 0.077 BTC, Bitcoin bulls have the upper hand. #ETHBTC Technical Analysis Roughly ten days ago, a bearish engulfing bar printed on January 12. The bar reversed ETH gains and was with high trading volumes. It set the trend of what is today. Selling momentum is also developing as prices break below the primary support trend line of the rising wedge. If the bar has equally high trading volumes, BTC bulls can double down, targeting 0.068 BTC, or lower in the days ahead. This level coincides with the 50 percent Fibonacci retracement line of the H2 2022 trade range. Any surge above 0.077 BTC or the 23.6 percent Fibonacci retracement will cancel this bearish outlook, swinging prices in favor of ETH bulls. What to Expect from #ETHBTC? ETH buyers are in charge in the higher time frame as prices increase inside a wedge. Presently, BTC bulls are cranking up demand. Subsequently, prices may fall lower toward immediate support levels. Resistance level to watch out for: 0.077 BTC Support level to watch out for: 0.068 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#ETH Bulls up 40% from June Lows, ETHBTC in a Bull FlagPast Performance of ETHBTC Ethereum is technically bullish versus BTC, especially if the price action of H2 2022 leads. Presently, Bitcoin prices appear firm but inside a descending wedge, that is, a bull flag. The primary support is at 0.070 BTC, while the resistance is 0.075 BTC. #ETHBTC Technical Analysis ETH buyers are in control, per the formation in the daily chart. Despite the series of lower lows, especially in the late Q3 and mainly Q4 2022, the uptrend is firm. To illustrate, ETH is up 40 percent from June 2022 lows. Furthermore, ETH bulls have support at around the 38.2 percent Fibonacci retracement levels meaning the upside momentum is still strong. However, from the current formation, traders can wait for a clean breakout before committing. Gains above 0.073 BTC, reversing losses of December 16, above the bull flag, may see ETH float higher, towards 0.075 BTC and 0.078 BTC, respectively. What to Expect from #ETHBTC? Prices are in range, trading inside a bull flag. Overall, buyers are in charge, but there must be a breakout for trend confirmation. Any surge above 0.075 BTC may drive more demand for ETH, pumping it to Q3 2022 highs. Resistance level to watch out for: 0.075 BTC Support level to watch out for: 0.070 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ethereum Buyers Expect a Retest of 0.080 BTC, Uptrend ValidPast Performance of ETHBTC ETHBTC remains wavy in a broad, multi-week trade range as Ethereum bulls dominate. Per the performance in the daily chart, there could be more for buyers to gain in the days ahead, considering the general resilience of ETH bulls. Therefore, guided by this, every low above 0.065 BTC, or October lows, may offer support to optimistic buyers angling for a retest of September 2022 highs. #ETHBTC Technical Analysis ETH is up roughly 10 percent from October 2022 lows versus Bitcoin, per the formation in the daily chart. Coincidentally, the 0.065 BTC support line also flashes with the 61.8 percent Fibonacci retracement level of the June to September 2022 highs. While ETH buyers stand a chance and optimistic buyers can load on dips, targeting November highs at around 0.080 BTC, there must be sharp gains reversing November 8 and 9 losses. Ideally, conservative ETH bulls can wait for a clean break above 0.080 BTC to hitch the ride to 0.085 BTC. Losses below this week's lows may easily see BTC buyers take charge; forcing prices back to 0.065 BTC. What to Expect with #ETHBTC? Ethereum traders are confident, expecting trend continuation, especially if bulls continue soaking in selling pressure and reversing losses of the second week of November. As long as prices hold above 0.068 BTC and this week's low, ETH prices may bounce higher toward November highs. Resistance level to watch out for: 0.080 BTC Support level to watch out for: 0.068 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#ETHBTC Consolidates, ETH Could Jump 25% if Bulls Break 0.068BTCPast Performance of ETHBTC Bitcoin bulls have the upper hand versus ETH, per the candlestick arrangement in the daily chart. BTC has gained roughly 21 percent against ETH from early September 2022. However, at the moment, prices are consolidating with clear limits at 0.068 BTC and 0.066 BTC. A high-volume break above the middle BB may see ETH buyers take charge in a reversal. If not, there could be more room for BTC bulls to press in a bear-trend continuation. #ETHBTC Technical Analysis The extended consolidation of the ETHBTC has led to a BB squeeze in the daily chart. Sellers remain in charge, and BTC bulls may double down if there are gains below 0.066 BTC and the 50 percent Fibonacci retracement level. In that case, BTC traders may load up on every attempt higher with sights at 0.063 BTC in a bear breakout formation. However, risk-on traders may ride the wave higher, favoring ETH bulls if there is a breakout above the middle BB and 0.068 BTC. This breakout would align ETH with the primary trend established in the better part of Q3 2022. If Ethereum buyers take charge, there will be a high possibility of a retest of September highs at 0.085 BTC. What to Expect from #ETHBTC? Prices are stuck in a sideways movement after weeks of lower lows. However, from a top-down preview, buyers have the upper hand, as the price action of Q3 2022 reveals. Therefore, if there is an ETH-favorable break out above the 20-day moving average, prices could explode higher. Resistance level to watch out for: 0.068 BTC Support level to watch out for: 0.066 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Ethereum Drops 22% from August peaks, Support at 0.066 BTC Past Performance of ETHBTC From the daily chart, ETH buyers have the upper hand and posting gains versus BTC at critical support levels. The bounce of Ethereum prices follows weeks of sharp losses, especially in September when the coin dropped roughly 22 percent, recoiling from September 2022 highs. At spot rates, there are hints of trend resumption. Nonetheless, the leg up will be only after confirmation of this week's gains. #ETHBTC Technical Analysis Traders are confident of what lies ahead for ETH. With fundamentals providing tailwinds, the rejection of lower prices from around the 50 percent Fibonacci retracement level of the June to August trade range is a welcomed development. If prices are trading above 0.066 BTC, traders can accumulate ETH, targeting a retest of September 18 at 0.074 BTC. This is nonetheless subject to whether bulls come through and lift the coin higher. Technically, prices are bound within the bear bar of September 18 through 21. As such, bears are in control in the short term. This preview will hold valid if there are sharp turns below this week's lows, unwinding gains. In that case, ETH may post more losses versus BTC, even contracting to the 61.8 percent Fibonacci line of the June to August trade range at 0.063 BTC. What to Expect from #ETH? Buyers anticipate more gains in the medium term, aligning with the June to August primary trend. However, this is subject to bulls' participation and prices trending above 0.066 BTC with increasing volumes, shaking off bears defined by the September 18 to 21 bear bars. Resistance level to watch out for: 0.074 BTC Support level to watch out for: 0.066BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ethereum Bulls Roaring, ETH May Rally above 0.088 BTCPast Performance of ETHBTC ETH prices are relatively firm versus BTC when writing, per the formation in the daily chart. Overall, buyers are in control, and the immediate trend is northwards. From the ETHBTC candlestick arrangement, the immediate support is 0.075 BTC coinciding with around April 2022 highs, a critical reaction level. #ETHBTC Technical Analysis After attempts of lower lows earlier this week, ETH bulls flew back on September 13, rejecting attempts to push prices even lower. From the daily chart, traders can find loading opportunities on every attempt lower as long as prices are held above 0.075BTC or this week's lows. The immediate target will be September highs at 0.085 BTC for aggressive ETH bulls. Meanwhile, traders waiting for a clear trend definition can wait for a clean break above 0.085 BTC, at the back of rising trading volumes, to initiate longs and ride the primary trend and the bull breakout of early August 2022. In this case, the first bull target will be 0.088 BTC or 2021 highs. What to Expect from #ETHBTC? Pumped by fundamental factors, Ethereum buyers are in control and would likely rally above 0.085 BTC and register new all-time highs. On the reverse side, deeper and unexpected retracements below 0.075 BTC will shift the momentum to bears. Resistance level to watch out for: 0.085 BTC Support level to watch out for: 0.075 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ethereum Pullbacks, but will Bulls Reclaim 0.088 BTC?Past Performance of #ETHBTC Ethereum is outperforming Bitcoin at spot rates even with the dump on August 14. Thus far, ETH is up a massive 58 percent versus the digital gold, with more headroom, reading from the formation in the daily chart. In the days ahead, traders should watch out for how prices react at last week's highs at 0.079 BTC, gauging how the medium-term formation will be. #ETHBTC Technical Analysis The August 14 bar is engulfing and has relatively high trading volumes. After gains from mid-June, ETH prices may recoil briefly before another leg up because of fundamental factors. Accordingly, traders may search to buy the dips above 0.073 BTC, marking August 10 lows. If prices retrace from last week's peaks but are maintained above 0.073 BTC, the uptrend will be valid from an effort versus results perspective. Bull resumption would likely push ETH back to December 2021 peaks at 0.088 BTC. If not, sharp dumps below 0.073 BTC may complete a head-and-shoulder formation, swinging price action for BTC bulls. What to Expect from #ETH? ETH bulls are solid and have the upper hand. Even so, for the uptrend to be valid, there must be a sharp close above last week's highs. A spike above this liquidation level may see ETH float to 2021 highs. Resistance level to watch out for: 0.081 BTC Support level to watch out for: 0.073 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Ethereum soars 44% as ETH Bulls Target April 2022 HighsPast Performance of ETHBTC The ETHBTC price is back in the early May 2022 trade range as per the formation in the daily chart. At spot rates, prices are at new weekly highs. Notably, ETH bulls are building on July 27 gains as an impetus to chart higher. With Ethereum bulls stretching BTC and recouping losses posted in the late Q2 2022, the path of least resistance appears northwards. #ETHBTC Technical Analysis ETH buyers are in the driving seat, reversing losses of the first phase of the week. Per the development in the daily chart, traders may find entries to load on any attempt towards July 27 lows of 0.065 BTC on the lower end as they anticipate more gains in the days ahead. Meanwhile, the immediate target for optimistic bulls is at 0.076 BTC, flashing with April 2022 highs. This bullish outlook is, however, only valid provided the leg up is with average to high trading volumes signaling support from the broader trading community. Conversely, if prices tank below 0.065 BTC, the uptrend will be invalidated. What to Expect from #ETHBTC? The market is recovering and ETH has the upper hand versus BTC, reading from the candlestick arrangement in the daily chart. When writing, bulls are oozing confidence, adding 44 percent from the 2022 lows. At the current pace, there appears to be more headroom for gains if bulls flock back to sustain the current upside momentum. Resistance level to watch out for: 0.075 BTC Support level to watch out for: 0.065 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer