Ethereum & Bitcoin Going Hand In Hand (???)

There used to be an infinite fight between the Ethereum and Bitcoin lovers, but things surely change, Ethereum and Bitcoin are now going hand in hand.

So they are fully correlated now but most of the time ETH leads the way. With a smaller market cap, it is easier to move and manipulate.

Which way will Ethereum go in the coming days?

That's the tricky part, mid-term we are looking gray.

But looking at the 12 Hours (12H) Time Frame (TF) chart, we can spot some action building up.

- We have the MACD with a bullish crossover.
- And the RSI is now trending up, after coming out of oversold.

There is one important piece missing for this chart to turn full time to the bullish side. One big GREEN volume with lots of volume on its side.

The bears are quick to move, when their turn comes we go down strong.

The bulls produce the signals but tend to have a very hard time following up.

Here we have some signals that are telling us that ETHBTC might be breaking up... But without any volume, these signals are as good as the toss of a coin.

Let's see what happens tomorrow... Sunday/Monday, that is most likely when the breakout will come.

I love cryptocurrency, so I am hoping it moves up.

But that doesn't change the fact that we have been in a bear market for long.

This is no trade advice. I am sharing for entertainment, learning and fun.

Feel free to hit LIKE... I feel blessed to receive your support.

Namaste.
P.S. If you are interested I can also share an ETH trade.

Comment:

ETHBTC challenging strong resistance and going hand and hand with Bitcoin as mentioned in the analysis above:

Trade closed manually