ETH: Uptrend vs BTC Holds at $1853.7
ETH holds uptrend versus BTC at $1853.7 with dip-buying advised as RSI stays neutral and MACD shows bullish golden cross on 4h chart.
SourceAnalysis
ETH versus BTC stays locked in a solid uptrend, with Michaël van de Poppe stating that buying the dip remains the correct strategy on the pair.
Price action at $1853.7 sits above the EMA200 support at $1830.9 while testing below the EMA50 resistance at $1877.4; the neutral RSI(14) at 44.72 combined with the MACD bullish golden cross at -7.09 points to continuation once the pair clears the upper Bollinger band at $1889.05, a setup that has repeated in the last six months of ETH price prediction cycles and ETH vs BTC ratio swings.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast