The price action of Ethereum has failed to generate interest from investors and traders. It is currently neutral with indecisive outlook in medium-term. Ethereum is also considered as an index for altcoins and a surge in the price of ETH could be a possible prediction of an upcoming rise in altcoins value also termed as alt-season by many. However, without any significant event, the interest in ETH will remain low. Currently hovering around $190, the order-block spanning $190-165 remains a critical support. Any break below may lead ETH to fall in the low $100s. Critical support and resistance levels are highlighted in the chart.
Bitcoin is holding strong at this stage. If it makes a sharp rally and ETH fails to move along, a further downside in ETH-BTC pair are likely. ETH-BTC pair is in a downtrend and lost a critical support level of 0.025-0.026. It is uncertain where it can go in the future, but further downsides are more likely to follow. Support and resistance levels are respectively highlighted in greens and reds.
Bitcoin is holding strong at this stage. If it makes a sharp rally and ETH fails to move along, a further downside in ETH-BTC pair are likely. ETH-BTC pair is in a downtrend and lost a critical support level of 0.025-0.026. It is uncertain where it can go in the future, but further downsides are more likely to follow. Support and resistance levels are respectively highlighted in greens and reds.