#ETH
*ETH Consolidates at $1,883 While ETH/BTC Breaks Downtrend*
Ethereum is holding steady at *$1,883.5 +0.16%* after a strong recovery from the June lows near $1,500. Price has been consolidating for 31 days in the $1,848 - $1,960 grey box. Volume: 395.99K.
The key level to watch is *$1,848.6*. A daily close above the box top $1,960 could open the door for a retest of $2,000 and $2,120. A breakdown below $1,848 risks a drop back toward $1,760.
*ETH/BTC also flipping bullish*
Against Bitcoin, ETH just broke out of a long-term downtrend. ETHBTC is now at *0.02984* and holding above the 0.02828 support level after breaking the descending trendline. This is the first sign of ETH strength vs BTC in months. If it holds, ETH could start outperforming again.
*Key Levels:*
- *Bullish*: Break and hold above $1,960 → $2,000 → $2,120
- *Bearish*: Lose $1,848 → $1,760 next support
- *ETH/BTC*: Hold 0.02828 to confirm trend reversal
What do you think — is ETH gearing up for the next leg up or will BTC dominance drag it down?
$ETH
$BTC
*ETH Consolidates at $1,883 While ETH/BTC Breaks Downtrend*
Ethereum is holding steady at *$1,883.5 +0.16%* after a strong recovery from the June lows near $1,500. Price has been consolidating for 31 days in the $1,848 - $1,960 grey box. Volume: 395.99K.
The key level to watch is *$1,848.6*. A daily close above the box top $1,960 could open the door for a retest of $2,000 and $2,120. A breakdown below $1,848 risks a drop back toward $1,760.
*ETH/BTC also flipping bullish*
Against Bitcoin, ETH just broke out of a long-term downtrend. ETHBTC is now at *0.02984* and holding above the 0.02828 support level after breaking the descending trendline. This is the first sign of ETH strength vs BTC in months. If it holds, ETH could start outperforming again.
*Key Levels:*
- *Bullish*: Break and hold above $1,960 → $2,000 → $2,120
- *Bearish*: Lose $1,848 → $1,760 next support
- *ETH/BTC*: Hold 0.02828 to confirm trend reversal
What do you think — is ETH gearing up for the next leg up or will BTC dominance drag it down?
$ETH
$BTC