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ETHBTC trade ideas

ETHBTC.1DBased on the given market data, we can see that the ETH (Ethereum) is currently trading at 0.05368 against BTC (Bitcoin). From a technical analysis perspective, the 4-hour Relative Strength Index (RSI) stands at 38.41, indicating that the asset is approaching the oversold territory. The Moving Average Convergence Divergence (MACD) on the 4-hour chart is at -0.000055, suggesting a bearish momentum. The Bollinger Bands (BB) on the 4-hour chart is at 0.05577, with ETH trading below the middle band, indicating a bearish trend. The first, second, and third support levels on the 4-hour chart are at 0.052, 0.051, and 0.050, respectively, while the resistance levels are at 0.055, 0.057, and 0.058, respectively. On the daily chart, the RSI stands at 45.34, which is a neutral position. The MACD on the daily chart is at -0.00008, suggesting a bearish momentum. The Bollinger Bands on the daily chart is at 0.057, with ETH trading below the middle band, indicating a bearish trend. The support levels are at 0.051, 0.049, and 0.048, while the resistance levels are at 0.060, 0.064, and 0.067. The 7-day RSI is at 31.49, suggesting the asset is oversold and that a price increase may be imminent. The MACD on the 7-day chart is at -0.00317, suggesting a bearish trend. The Bollinger Bands on the 7-day chart is at 0.05234, with ETH trading below the middle band, indicating a bearish trend. In conclusion, the market data suggests a bearish trend for Ethereum in the short term, but the oversold condition on the 7-day RSI could mean a potential price reversal. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
by MarsSignals
1
ETH/BTC Catch up time?ETH/BTC chart broken down into some simple key areas. We've recently had a double bottom as ETH has lost strength against Bitcoin, however for me it is clear that if the breaker block is flipped after such a strong reaction from the double bottom ETH is on its way to reclaiming strength against BTC. The next level of major resistance would be 0.0625 area. After BTC's huge move recently and other L1's like SOLANA and INJECTIVE etc ETH has had a lagging response in comparison. With profits from BTC filtering down the next obvious place would be Ethereum before some sort of mini alt-season if that's possible at this stage. Coupled with the news that Blackrock have just registered an Ethereum trust in Delaware ETH looks very strong currently.
by ProR35
1
When is the best time to buy Ethereum?The Ethereum to Bitcoin price ratio chart indicates that Ethereum's price remains influenced by the fluctuations in Bitcoin's price. The pattern displayed on this chart suggests that Ethereum is likely to endure buying pressure from Bitcoin in the market. However, the ideal range to anticipate a more substantial movement for Ethereum against Bitcoin would be around the parity level of 0.0490-0.0456. Furthermore, the market is expected to facilitate more substantial bullish movements for Ethereum by providing additional support for Ethereum.
Short
by Mohammad_Mirdehghan
2
Ethereum / Bitcoin Trying to Find a SupportEthereum's current pullback presents an intriguing scenario. The BITSTAMP:ETHBTC price seems to be seeking support in the range where it retraced during the mid-summer of 2022. Currently hovering around 0.05, this level stands as a crucial support zone. If Ethereum maintains above this mark, a potential climb to 0.058 and beyond becomes feasible. On the flip side, dropping below 0.05 might extend the downtrend. The next moves are uncertain, so stay tuned and observe the market dynamics closely.
by Vestinda
Ether/Bitcoin pair breaking downEthereum continues to bleed against Bitcoin. I sold all of my ether around $1,800 last year during the 'buy the rumor, sell the news' merge event and haven't rebought since. I'm waiting until the ETHBTC ratio dips back below 0.04, and ideally on a USD pullback below $1,300. As usual, patience is key. Currently, I'm 70% cash after the bitcoin pop, with plans to be all in 2 months before the halving, i.e. halving Apr 2024 -> be all in by Feb 2024. Note a recession may change this plan if it materializes.
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by The_Bitcoin_Boy