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Ethereum Price Analysis: ETH at 25-Day Low Against Bitcoin, What’s Next?

ETH/USD – Bulls Rebound From Early January Trend Line
Key Support Levels: $1652, $1610, $1527.Key Resistance Levels: $1755, $1800, $1875.
Over the past week, Etheruem had been trading within a range between $1875 and $1755. This range was penetrated toward the downside on Monday as the coin dropped beneath $1700 to reach support at $1652.
This support was further bolstered by an ascending trend line that dates back to early January. After hitting this support, Ethereum bounced higher to climb back above $1700 and hit $1732 today.
ETH/USD Daily Chart. Source: TradingViewETH-USD Short Term Price Prediction
Looking ahead, the first level of resistance is expected at $1755 (bearish .618 Fib Retracement). This is followed by $1800, $1875 (1.414 Fib Extnesion), and $1960 (1.272 Fib Extension and all-time high daily closing price).
On the other side, the first support lies at $1652. Beneath this, support lies at $1610 (.618 Fib), $1527 (.786 Fib), and $1425 (early March support & 100-days EMA).
The RSI has started to push higher from beneath 40 as it heads toward the midline. This indicates the previous bearish momentum is starting to fade. Additionally, the Stochastic RSI is primed for a bullish crossover signal that should send the market higher.
ETH/BTC – Buyers Continue To Defend 0.0305 BTC Support
Key Support Levels: 0.0305 BTC, 0.03 BTC, 0.0295 BTC.Key Resistance Levels: 0.031 BTC, 0.0318 BTC, 0.032 BTC.
Ethereum is showing some sign of weakness against Bitcoin. The cryptocurrency held support at 0.0305 BTC (.886 Fib Retracement) for the majority of the month. Today, the cryptocurrency spiked beneath this support, reaching as low as 0.0302 BTC.
It has since rebounded from there to climb back above 0.0305 BTC, but the spike lower is an …
Story continues on Crypto Potato

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