Ethereum: Strongest ETH/BTC Candle Signals Upside
Ethereum at $1740.15 shows strongest ETH/BTC weekly candle in a year plus bullish divergences, invalidating bearish signals seen in altcoins.
SourceAnalysis
Ethereum displays clear strength as @CryptoMichNL dismisses bearish divergences, noting the ETH/BTC pair posted its strongest weekly candle in more than a year while bullish divergences hold firm across multiple timeframes on ETH/USD.
At $1740.15 price tests the upper Bollinger Band resistance near $1799.68 with the 50-EMA at $1704.4 acting as concrete support; neutral RSI at 51.1 combined with the MACD death cross at 24.3 points to a measured consolidation toward that EMA before continuation, sharpening ETH price prediction views and Ethereum technical analysis versus BTC dominance.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast