$ETH The current price of Ethereum shows upward momentum against Bitcoin, although in recent times its movement has tended to be sideways. Ethereum is currently facing pressure in the 50-week EMA area around 0.0338 BTC.

A bullish breakout will bring the next relevant resistance zone to the area between approximately 0.0355 BTC and 0.04175 BTC. Additionally, there is crucial resistance at the Golden Ratio around 0.044 BTC, which is also reinforced by the 200-week EMA crossing in that area.

On the downside, the next important Fibonacci support level is in the Golden Ratio area, around 0.0274 BTC. Overall, technical indicators for this week show mixed signals.

The RSI remains in neutral territory, while the MACD line crosses bearishly. However, the MACD histogram has started to move upward this week.

The EMA still shows a death cross, confirming the bearish trend in the medium term.

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