Analysis of Ethereum with Bitcoin
According to the weekly chart of the Ethereum-Bitcoin pair
We notice that Ethereum has reached a very strong support area
He reached this area four times
The first time he landed hard
For the second time, Ethereum doubled against Bitcoin
The third time, it rebounded and rose more than 25%.
Currently it is standing on a support area
There are 2 scenarios
The first was to break the support and decline strongly from this support, and Ethereum decreased by more than 25% against Bitcoin
The second is a strong rebound from this support, and Ethereum rises against Bitcoinâs rise of more than 50%.
I think the Ethereum chart will fall against Bitcoin
Meaning
In the event of the rise of Bitcoin, we will notice the rise of Bitcoin more strongly than the rise of Ethereum
Or when Bitcoin falls, we will notice that Ethereum falls more strongly than Bitcoin
Therefore, the chart goes down as shown in the drawing
Good luck
