Ethereum-Bitcoin Price Ratio Rebounds Amid Increased Market Activity
- Ethereum Price Ratio Recovery: The Ethereum to Bitcoin price ratio rebounded from a 30-day low of 0.02994 to 0.03136, marking a 4.75% increase, indicating an improvement in Ethereum's performance relative to Bitcoin, although overall market sentiment remains in fear territory.
- Strong Institutional Inflows: CoinShares reported that digital asset investment products saw $1.1 billion in inflows for the week of April 13, with Ethereum products attracting $196.5 million, reflecting rising institutional interest in Ethereum despite Bitcoin's dominance.
- Significant Trading Activity Increase: Total crypto trading volume reached $161 billion in 24 hours, a 34.2% increase from the previous day, suggesting rising market participation, although total market capitalization slightly declined in recent trading, indicating insufficient price recovery momentum.
- Cautious Market Sentiment: Despite improvements in fund flows and trading volumes, the Fear & Greed Index remains at 23, indicating extreme fear in the market, suggesting that sustained inflows and sentiment improvement are needed to confirm Ethereum's strong rebound.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1710.181 | 1885.211 | 2065.441 | 2240.471 | 2420.701 | 2595.731 | 2775.961 |
| Fibonacci | 1885.211 | 2020.92 | 2104.761 | 2240.471 | 2376.18 | 2460.021 | 2595.731 |
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