Eth is under strong pressure against BTC - Bizantium fork did not appealed buyers as expected.
We are now sitting on the major resistance level, BTC SEGx2 fork is approaching that means we could see lower levels for ETHBTC if the majority of traders decide to cash out and wait for the next crypto move.
If this resistence level break down we could see an other dip in ETHBTC till the next resistance that is is at 0.034.
On the other hands RSI levels are pretty close to the bottom, and the last time we reached this levels on RSI ETHBTC went from 0.008 to 0.16.
If this is the bottom my target is 1.168 on FIBS that means 0.27 paired with BTC.
I would wait to long if you didn't enter the market yet.
If we broke 0.064 and 50 on RSI is a long for sure.
We are now sitting on the major resistance level, BTC SEGx2 fork is approaching that means we could see lower levels for ETHBTC if the majority of traders decide to cash out and wait for the next crypto move.
If this resistence level break down we could see an other dip in ETHBTC till the next resistance that is is at 0.034.
On the other hands RSI levels are pretty close to the bottom, and the last time we reached this levels on RSI ETHBTC went from 0.008 to 0.16.
If this is the bottom my target is 1.168 on FIBS that means 0.27 paired with BTC.
I would wait to long if you didn't enter the market yet.
If we broke 0.064 and 50 on RSI is a long for sure.