Ethereum Price Highly Bullish Vs Bitcoin Above This Crucial Support

Ethereum’s ETH is correcting gains from the 0.085 BTC zone. It is now moving lower, but the bulls might remain active above the 0.0650 BTC support.

Ethereum (ETH) Price Remains Well Bid Vs Bitcoin

In the last ethereum vs bitcoin analysis, we saw a topping pattern near the 0.0855BTC resistance.

The ETH price is now consolidating near the 0.0672 zone and is at 50% Fib retracement level of an upward move from a low of 0.0490 to a high of 0.0855.

On the downside, there is a strong support for Ethereum waiting near the 0.065 BTC level and a crucial bullish trend line on the daily chart. 

Overall, Ether price is slowly moving lower versus Bitcoin towards the 0.065 support zone. If the bears remain in action, the Ethereum price might drop to 0.055 or even 0.050.

Conversely, there might be a fresh increase towards the 0.075 resistance zone and then 0.085.