ETH/BTC Ratio: Strength Persists as BTC Lags
ETH/BTC ratio holds firm while Bitcoin momentum stalls, pressuring altcoin USD valuations at $1858 ETH amid bearish 4h signals.
SourceAnalysis
ETH versus BTC ratio continues to hold firm, a positive signal for broader markets, yet any stall in Bitcoin momentum risks sharp drops in altcoin USD values according to trader @CryptoMichNL.
Price action on the 4h chart shows ETH at $1858.06 inside the Bollinger band with EMA50 resistance at $1880.4 capping upside and EMA200 support at $1795.65 providing the floor; MACD death cross at -11.5 reinforces bearish pressure while RSI at 37.95 leaves room for further downside before any relief rally, suggesting a test of lower band support near $1834.46 remains likely unless BTC regains traction and revives historical ETH/BTC ratio trends that often precede altcoin season correlation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast