Hey guys, hope you're doing well! ;) Ethereum is definitely stronger than grandpa Bitcoin on the last bear attack: while BTC had broken to Lower Lows, Ethereum can still hold the Daily Lows at 425.
=> This is because we had broken higher, also in the ETH/BTC direct correlation. But right now we're building a bear flag also here. While we have the 1H support of EMAs in ETH/BTC, we keep rejecting from EMAS in ETH/USD. On the 4H, we also clearly kept rejecting from 12 and 26.
Conclusion: If big brother BTC cannot turn around here & form Daily Higher Lows, on ETH we'll also not be able to hold the 425 support.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
=> This is because we had broken higher, also in the ETH/BTC direct correlation. But right now we're building a bear flag also here. While we have the 1H support of EMAs in ETH/BTC, we keep rejecting from EMAS in ETH/USD. On the 4H, we also clearly kept rejecting from 12 and 26.
Conclusion: If big brother BTC cannot turn around here & form Daily Higher Lows, on ETH we'll also not be able to hold the 425 support.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.