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CryptoBlockDev
@cryptoblockdev
/ethereum The ETH/BTC monthly chart leans bearish but shows potential for a shift. At 0.0357 (April 16, 2025), it’s down 46% in 2024, a multi-year low, stuck in a descending wedge since 2022. RSI’s oversold at 24, hinting at a bounce like 2016/2020. A bullish divergence—lower price lows, higher RSI lows—echoes November 2024’s brief trendline break. Support’s at 0.035; breaking it could hit 0.025. Clearing 0.045 (50-month SMA) might push to 0.06. BTC’s 58% dominance and ETH’s -45% Q1 keep bears strong. Watch ETH’s $1,580. Check X? Thoughts?
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