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 bottom, eg. ADA/ETH and LTC/ETH pairs to the extent where it even went lower than historical lowest point. I think it's time for these top 20 coins to bounce back and take over the show
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 bottom, eg. ADA/ETH and LTC/ETH pairs to the extent where it even went lower than historical lowest point. I think it's time for these top 20 coins to bounce back and take over the show
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.