In the Spotlight: ETH/BTC Pair Analysis - Hydra X
In the Spotlight: ETH/BTC

March 27, 2019

Chart from Sigma by Hydra X

The ETHBTC pair been consolidating in a long-term triangle since its highs from early Feb 2018 and is approaching a technical inflection point. The pair seems to be testing its long-term descending trend line and may find some price support in the form of its 200-day SMA. A break above the trend line could see ETH gaining ground on its BTC cousin. However, given the tepid nature of price action, lacklustre volumes and a lack of momentum as reflected by stochastic levels, traders should manage expectations of any breakout being explosive.


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