#BTCvsETH
This week, the crypto market showed a divergent behavior between Bitcoin (BTC) and Ethereum (ETH). BTC entered a consolidation phase after reaching all-time highs, while ETH had a strong upward momentum, fueling optimism in altcoins.
Bitcoin (BTC) – Consolidation and Resistance
Price: BTC retraced after touching $123,250 on July 14. It has moved sideways, with strong resistance between $120,000–$123,500.
Supports:
Immediate: $115,000–$115,700 (institutional buying zone).
Secondary: $110,000 if the immediate support fails.
Technical Indicators:
RSI: Cooling down to 52, signaling less momentum.
MACD: Possible bearish crossover, suggesting short-term weakness.
Volume: Low on rises, higher on pullbacks.
Outlook: As long as it stays above $115,000, the structure remains bullish, although with the possibility of correction or sideways movement.
Ethereum (ETH) – Strong Upward Trend
Price: ETH rose over 24%, trading near $3,800 and surpassing previous resistances.
Resistances:
Main: $4,000 (psychological and historical).
Secondary: $4,200.
Supports:
Immediate: $3,750.
Key: $3,400 (former resistance).
Technical Indicators:
RSI: High, but still with room before overbought.
MACD: Clearly bullish.
Volume: Strong increase, 90% above the monthly average.
Outlook: Very bullish technicals. As long as it stays above $3,400, ETH could reach and surpass $4,000. Its better performance against BTC reduces the dominance of the latter, favoring altcoins.
