$ETH
ETH
2,192.62
-1.06%
/B $BTC
BTC
70,941.32
-1.03%
BNB
594.79
-0.15%
Daily still range-bound
ETH/BTC continues to trade below the major EMAs, keeping the ratio weak to neutral. Recent upside attempts were rejected, and price is now consolidating around the 0.033-0.034 zone.
Bullish shift needs:
Daily close above 0.0345-0.035
Reclaim of the 50 & 100 EMA with volume
Risk:
Failure to reclaim EMAS
Breakdown below 0.033, opening the door for relative ETH weakness
For now, ETH is not outperforming BTC.
Waiting for confirmation.
#BTC Price Analysis#USGDPUpdate #BTC