LIVEEthereum's price performance has recently been lagging behind Bitcoin's growth, a warning signal for ETH.
- ETH's divergence from Bitcoin's rise causes concern for Ethereum optimists.
- ETH is clinging to the $1,550 support mark but struggling at the $1,625 threshold, along the uptrend line.
- ETH's weakness in keeping up with Bitcoin's growth needs attention.
- ETH's RSI is at 53, far below Bitcoin's overbought level. There has been no significant reverse divergence.
- Funding interest shows positive signs as short sellers retreat, but price activity remains weaker compared to Bitcoin.
- Overall, confidence in ETH decreased due to its poor strength compared to Bitcoin.
- Expect ETH to fall further in the coming months.
- Recommended action:
1. Avoid trading ETH currently due to lack of power compared to Bitcoin.
2. Consider buying ETH at lower prices in the coming months for the long term.
Thus, ETH is lagging behind Bitcoin and could fall further due to divergence from Bitcoin's uptrend.
