1. ETH/BTC
• Price: 0.03426 BTC (+4.32% for the day).
• Technical indicators:
• EMA(50), EMA(100) and EMA(200) show an upward trend, confirming growth in the short-term and medium-term.
• RSI (Relative Strength Index): values of 67.5 (RSI 12) and 66.5 (RSI 24) indicate a strong upward momentum, but approaching the overbought zone (above 70).
• Trading volume shows a significant increase, confirming the strength of the trend.
2. ETH/USDT
• Price: 3325.01 USDT (+7.37% for the day).
• Technical indicators:
• EMA lines are also rising, confirming a strong bullish trend.
• RSI around 64 (RSI 12 and RSI 24) signals strong upward movement, but there is a risk of local overbought conditions.
• Trading volume for the last candles is decreasing, which may indicate a weakening of momentum.
Forecast:
• ETH/BTC: The pair continues to rise, but a short-term correction is possible if the RSI enters the overbought zone. Support at 0.0333 BTC, resistance at 0.0346 BTC.
• ETH/USDT: Levels of 3372 USDT and above may act as strong resistance. Support is around 3180$ETH