BINANCE:ETHBTC   Ethereum / Bitcoin
Ethereum has taken a beating against Bitcoin, but that could change. I have mentioned a number of reasons - it is oversold on the weekly for the 4th time in history, all of which have preceded major moves up. We also now have potential bullish divergence. If ETH makes a lower low on the weekly close vs. Bitcoin, RSI is likely to make a higher low. This would be a major long term signal that ETH is going to outperform. A weekly divergence can take a long time to play out.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.