ETH: Van de Poppe Backs Hold on Altcoin Resilience

Michaël van de Poppe notes altcoins refuse to cascade lower even as Bitcoin weakens, reinforcing his view that altcoins will outperform significantly once BTC finds a bottom and consolidates.

ETH price action at $1572.91 sits inside Bollinger Bands with upper resistance at $1610.86 and lower support at $1552.54; the bearish EMA structure places concrete resistance at EMA50 $1610.98 and EMA200 $1768.37, while neutral RSI at 45.02 and MACD golden cross at -6.76 point to a likely test of upper band resistance before any deeper retracement to the 50-EMA confluence zone.