ETH: Holds Support as BTC Ratio Eyes Breakout
ETH holds support with breakout above 0.0280 BTC needed for uptrend and accumulation, per @CryptoMichNL analysis.
SourceAnalysis
ETH continues to hold this level of support, a strong zone ideal for accumulation as traders watch for a clear break above 0.0280 BTC to confirm entry into better territory and a new uptrend.
Price action on the 4h chart places ETH at $1764.71 inside the Bollinger band with upper resistance at $1767.6, maintaining a bullish trend structure above the EMA50 support at $1729.97 while the MACD golden cross at 5.85 reinforces momentum and RSI at 59.36 stays neutral, setting the stage for continuation once ETH/BTC ratio historical support levels yield to upside pressure amid Ethereum accumulation phases versus Bitcoin dominance cycles.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast