Hello guys I'm starting a weekly analysis on the top 10 marketcap cryptocurrencies. Here is for ETHBTC.
Ethereum is about to collapse under its own weigth. Volume simply isn't here, on Binance, the exchange where ETH is most traded.
Also the RSI is looking downwards right now, while price action is staying flat.
I expect we drop further to around 0.02 BTC before bouncing back up, but heh, I could be wrong.
That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it.
Feel free to comment your opinion and thoughts !