Ethereum: Holds Bitcoin Support Level

Ethereum continued to hold this level of support against Bitcoin, which is a great signal according to @CryptoMichNL.

Traders want to see a break of 0.028 BTC to regain momentum, otherwise the area around 0.02325 emerges as potential support in ongoing ETH price prediction and Ethereum Bitcoin trading pair technical breakdown analysis.

Technical Confluence on the 4h chart shows Ethereum locked in a bearish trend below the EMA50 at $1619.67 and EMA200 at $1784.3, yet the MACD golden cross at -12.54 signals building bullish pressure while neutral RSI at 45.33 keeps price inside the Bollinger band with upper resistance at $1599.11 and lower support at $1556.2.