ETH: Tests Higher Timeframe Support as Altcoins Lag BTC
ETH at $2488.55 eyes higher timeframe support while altcoins drop versus Bitcoin, says CryptoMichNL, with 4h chart showing EMA50 at $2299.32.
SourceAnalysis
ETH is already hitting a higher timeframe support level as altcoins drop against Bitcoin during consolidation phases, according to @CryptoMichNL.
With ETH price at $2488.55 testing upper Bollinger resistance at $2513.31 while RSI(14) at 65.64 stays neutral, the bearish MACD death cross at 57.47 signals a probable retracement to EMA50 support at $2299.32 before any continuation above the EMA200 at $2036.65 in the broader bullish structure. This setup aligns with standard altcoin BTC rotation patterns observed over the past year and supports refined ETH price prediction models during crypto market consolidation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast