Ethereum displays strength against Bitcoin as it reaches the critical 0.0405 resistance level on the ETH/BTC pair. Successfully flipping this level could signal further gains. This article explores the current market trends and key support and resistance levels.
ETH/BTC Resistance Level 0.0405 Testing
The ETH/BTC rate has reached the resistance level of 0.0405, raising expectations of potential gains toward 0.046, near its previous ATH. Sustained buying interest is evident through a series of higher lows, indicating a possible continuation of the 'altseason'.
Ascending Trendline Support for ETH/USDT
The ETH/USDT pair has recovered above its critical ascending support line, reaffirming bullish momentum. Approaching the $4,100 mark, Ethereum faces significant resistance. Breaking this level could indicate further uptrend, with potential targets at $5000 if it holds above.
Low-leverage Liquidity Zones for ETH
ETH has engaged low-leverage liquidity zones, which encourage buying activity. These levels are crucial points for potential price increases. Notably, the $3,900 mark acts as a support zone, showing a swift rebound after being tested.
Ethereum showcases growth potential against Bitcoin, testing key resistance levels. Monitoring liquidity and resistance levels provides insights into ETH's price movement potential.
