Since the pump, ETH followed the movements of BTC including the last dump at the beginning of June. On the daily TF it seems that we get an ascending channel, if this is confirmed ETH should bounce now as it also corresponds to the 240 support. Also RSI and MACD are continuously bouncing on an upward trend line since 2019 just like BTC did before breaking it and going down to the 50 support.
However for the RSI of ETH a break of this line would also mean a break of the 50 line which would be a bearish sign. In this case MACD would follow the break and ETH would probably go down toward the 215$ support. On the last 2 peaks we also have a bearish divergence on the RSI which could confirm a dump of ETH.
For the moment ETH is closely linked to the BTC which is also in a uncertain period (back to 6.4k $ ? pump and break of 10k $ ?).
Wait and see.
However for the RSI of ETH a break of this line would also mean a break of the 50 line which would be a bearish sign. In this case MACD would follow the break and ETH would probably go down toward the 215$ support. On the last 2 peaks we also have a bearish divergence on the RSI which could confirm a dump of ETH.
For the moment ETH is closely linked to the BTC which is also in a uncertain period (back to 6.4k $ ? pump and break of 10k $ ?).
Wait and see.