Just been looking at the ETH/BTC weekly and there's something interesting forming here. Both RSI and the KDJ are showing bullish crosses, which is usually a good sign. But here's the thing - price is stuck consolidating right below that yearly pivot point at 0.032, and it's also running into a descending trendline at the same spot. That confluence is pretty strong resistance.



So right now that 0.032 level is basically the gatekeeper for any real move up. The KDJ setup looks promising, but until we break above that pivot and trendline, I'm not getting too excited. It's worth watching though - if we get a daily close above that zone, could be the signal we're waiting for.
ETH0.51%
BTC0.26%
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