ETH is falling behind BTC! đ± ETH hit a 3.5-year low against BTC on September 18. Is this a buying opportunity or will ETH continue to fall?
BTC is moving sideways but many analysts expect it to break out and hit a new high in Q4 of this year. What about ETH? Polymarket predicts an 85% chance that ETH will not hit a new high in 2024.
đ ETH/BTC technical analysis:
- Weekly chart: Symmetrical triangle, bulls and bears are struggling.
- Daily chart: Descending channel, RSI has positive divergence, 20-day EMA is flattening.
Can ETH turn the tide and beat BTC? Comment your opinion! đ
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