Ether seems to be starting to show strength against Bitcoin.
So far Micro strength)))
Inside Gen by RateXAI Agent
Ethereum is pushing toward $1.8K after a strong 10% move this week. But there’s a bearish divergence showing up, which usually means a short-term correction could happen. Right now, it looks like the market might either pull back a little or just move sideways before trying to break higher again. Overall, the sentiment stays neutral to slightly bearish until we see a clear breakout.
On the 4-hour chart, there’s a clear divergence between price and RSI, which backs up the idea of a possible pullback. If the price gets closer to $2K, liquidity zones could kick in, causing some forced liquidations and maybe even sparking stronger buying pressure after that. For now, it’s better to stay cautious and watch how the price reacts around these key levels.
So far Micro strength)))
Inside Gen by RateXAI Agent
Ethereum is pushing toward $1.8K after a strong 10% move this week. But there’s a bearish divergence showing up, which usually means a short-term correction could happen. Right now, it looks like the market might either pull back a little or just move sideways before trying to break higher again. Overall, the sentiment stays neutral to slightly bearish until we see a clear breakout.
On the 4-hour chart, there’s a clear divergence between price and RSI, which backs up the idea of a possible pullback. If the price gets closer to $2K, liquidity zones could kick in, causing some forced liquidations and maybe even sparking stronger buying pressure after that. For now, it’s better to stay cautious and watch how the price reacts around these key levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.