ETH has been leading the market since March and has gain ~150% against BTC until now it hits the previous 2018 June Peak (shown in the graph at 0.085 level). It's going to take a break or retrace for some time
The weekly RSI has been over 0.7 for sometime
The 4 Hours timeframe shows multiple bearish Divergence
ETH has been pushing major top 20 coins to the rock...
If break out of the horizontal line (USD 59.2k) to the upside, we can see BTC going to 71.1k USD
If break out with
(1)high volume to above 59.2k USD and go back to
(2) retest the resistance-turned-support line and then
(3) close above rejection point
Then you could inject 10k USDT with 15x leverage into this trade
Analysis by JonaSHEN
