$ETH
ETH
2,307.74
-3.50%
/B $BTC
BTC
77,386.17
-2.42%
BNB
626.95
-1.88%
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