#ETH is indeed going much stronger than #BTC , but the key pressure level doesn’t have the conditions for an independent breakout.



If in a bull market this has been so strong, perhaps when Bitcoin is ranging sideways, Ethereum could actually push up on its own.

The pressure level above at 1830-1850 hasn’t changed. Before there’s a break and hold above it, you can still look to short.

The support level below is around 1725, but it’s not a very strong support.

My personal view is that we haven’t bottomed out yet. Whether you call it a “iron bottom,” or whether it hasn’t already pumped that much, or whether it can’t possibly drop that much—anyway, I feel like it hasn’t bottomed.

Anyway, in a bear market, it’s a long road—time will tell the answer.
ETH0.26%
BTC-0.32%
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tvl_down_bad
· 54m ago
ETH/BTC exchange rate is strengthening, but the dollar-denominated price hasn’t hit a new high—sounds like “strong” momentum, but it’s actually uncomfortable.
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ViewingNarrativesFromAHotAir
· 57m ago
In a bear market, nobody talks about the bottom—wait for a breakout above 1850 on expanding volume before calling the bull run back.
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NeonIceMelt
· 1h ago
If 1725 can’t hold, the space below will open, so I reduced my position.
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LittleBearWatchingTheMarket
· 2h ago
The 1830-1850 range really grinds people down; if it can’t break through, it’s the bears’ home turf.
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