Technical Analysis for ETHBTC for 27th April 2022
Bitcoin Bulls Maintain Lead over ETH, Critical Support at 0.072 BTC
Past Performance of ETHBTC
ETHBTC remains within a sideways movement following a bear breakout formation on April 18. Technically, BTC bulls have the upper hand, a development that may spark more capital inflow, especially in a dicey crypto market. With ETHBTC boxed below0.075 BTC and ranging below the middle BB, the path of least resistance could be southwards in the medium term.
ETHBTC Technical Analysis
What to Expect from ETHBTC
In a risk-on crypto market state, BTC may benefit as a safe haven. Therefore, in light of this fact, ETHBTC has critical support at 0.072 BTC. A close above the middle BB could be the launching pad for more ETH gains in the medium to long term.
Resistance level to watch: 0.075 BTC
Support level to watch: 0.072 BTC
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