Following the rise of BTC, ETH has rallied more than 95% from its low. This exponential rise may be Supported by the Merge and the decline of BTC.Dominance. However, ETH bull movement may not last long:
1. Daily bull candle is getting weaker
2. Multiple touches on RSI overbought zone
But, different from BTC. ETH is moving in an ascending channel. If it can...
BTC has been on a uptrend for a couple of weeks, filling the imbalances from the previous downtrend. However, the price action suggests that the retracement is nearly at the end:
1. Bearish Ascending triangle on the Daily
2. Price near the overbought zone on the RSI
3. Weak bull candles
The price might be manipulated to the FVG or the Supply zone before...