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ScottMelker
Feb 7, 2024 11:05 AM

ETH Heating Up? 

Ethereum / BitcoinBinance

Description

Boring, yes. Encouraging? Also yes. Why? Because we had RSI retest the blue descending resistance as support, which is something I have discussed a few times. There’s nothing to do here for me until ETH breaks out through descending resistance against Bitcoin - unless you caught the bullish divergence lower. That said, I am watching closely. This looks like it could be heading back for another test of resistance in the coming weeks.
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