ETH: Momentum Holds Versus Bitcoin as Clarity Act Nears
ETH trades at $1770.2 with strength versus Bitcoin while Clarity Act progress fuels ETH BTC ratio momentum drivers.
SourceAnalysis
ETH continues climbing against Bitcoin despite broad market weakness, with trader @CryptoMichNL citing sustained momentum tied to the Clarity Act on the horizon.
Price sits at $1770.2 inside the Bollinger Bands on the 4h chart, testing upper resistance near $1829.54 while the EMA50 at $1771.3 and EMA200 at $1751.87 define the bearish structure; MACD death cross at 1.05 keeps downside pressure intact yet RSI at 44.07 leaves room for continuation before any pullback to the 50-EMA confluence zone.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast