Ethereum Gains Momentum Against Bitcoin Resistance

Ethereum has seen a 4.01% increase against Bitcoin, reaching a critical resistance level of 0.02680 after multiple tests. The pair has been showing strong upward momentum, with buyers and sellers engaged in a battle for control.
Rounded Base Pattern Forms for Ethereum
A rounded base pattern has emerged for Ethereum with support levels at 0.02180-0.02250. This pattern has held firm above the 100-day moving average, indicating buyer control after several retests. If Ethereum breaks above the 0.02680 resistance, it could target 0.03400, solidifying its dominance over Bitcoin in the pair.
Technical Indicators Favor Ethereum's Upward Move
Maintaining levels above 0.02600 will support a bullish structure for Ethereum, with technical indicators pointing towards a sustained upward trend if the resistance barrier is breached. The current price action suggests a breakout could be imminent, with potential for significant gains in the near future.