All cryptomarket lost 20% in two days. The most of the people expected this to happen.The price of ETH has felt a 20% of its value compared to BTC. On the 1-day chart, this was expected since ETH really seemed overbought (RSI over 80).
But it seems that ETH has found support on 9-day ema.
Probably in the next few days, we are going to see some slower horizontal movements before the market gets settled. I expect ETH to become bullish over bitcoin, again in the next period. Resistances are Fibonacci levels (0.120 and 0.135). I see ETH reaching 0.2BTC soon, and if BTC continues to fall down even 0.3 ratio is possible.
It is a good moment to buy this dip.
But it seems that ETH has found support on 9-day ema.
Probably in the next few days, we are going to see some slower horizontal movements before the market gets settled. I expect ETH to become bullish over bitcoin, again in the next period. Resistances are Fibonacci levels (0.120 and 0.135). I see ETH reaching 0.2BTC soon, and if BTC continues to fall down even 0.3 ratio is possible.
It is a good moment to buy this dip.
