ETH: Michaël van de Poppe Flags 0.028 BTC Breakout
ETH at $1634 holds key 0.028 BTC level per Michaël van de Poppe, with 4h chart showing bearish EMA structure and neutral RSI ahead of potential upside.
SourceAnalysis
ETH is holding up nicely and bound for an upside break in coming months, with @CryptoMichNL calling 0.028 BTC the decisive level that could trigger a strong run once cleared.
Price sits at $1634.17 inside the Bollinger Bands on the 4h chart, facing immediate resistance at the EMA50 of $1691.4 while the EMA200 at $1837.13 caps the broader bearish structure. Momentum remains negative with MACD at -24.73 confirming the death cross, yet RSI at 41.51 stays neutral and leaves room for continuation if the upper band at $1768.18 yields.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast