ETH/BTC: No Breakout Above 0.03250 Resistance
ETH/BTC fails at 0.03250 resistance and 21-week MA as Michaël van de Poppe targets 0.0245-0.0265 support for scaling while ETH trades at $2221 on bearish 4h structure.
SourceAnalysis
ETH versus BTC delivers no entry signal after rejection at the 21-week MA and 0.03250 resistance zone, with Michaël van de Poppe now eyeing 0.0245-0.0265 support to begin scaling positions.
ETH price action at $2221.01 on the 4h chart sits inside the Bollinger Bands near lower support at $2211.62 while the EMA50 at $2289.95 and EMA200 at $2273.18 cap any upside; the MACD death cross at -18.76 and neutral RSI at 35.83 reinforce the bearish ETH vs BTC ratio structure until lower support levels are reached.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast