Ethereum Looking Stronger Than Bitcoin As ETH Holds Crucial Support: Crypto Analyst

Ethereum Looking Stronger Than Bitcoin As ETH Holds Crucial Support: Crypto Analyst


A closely followed crypto analyst is keeping an eye on the top two digital assets by market cap as well as a pair of Layer-1 scaling solution altcoins.

In the latest TechnicalRoundup newsletter, pseudonymous analyst Cred says that Bitcoin closed the week without a clear signal about where BTC’s price is headed.

“Bitcoin/dollar offered a relatively ambiguous close following the all-important retest of weekly structure at $55,800-$60,000. Price closed above the range low but below the range high. That is neutral at best, and not exactly what we wanted to see at this inflection point.

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We’re essentially forced to write ‘up or down’ because the weekly close didn’t offer much signal. 

One of the better outcomes to this consolidation would be Bitcoin/dollar chop into altcoin

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