Ethereum Makes a Bullish crossover against Bitcoin

Past week has been quite crazy in terms of the crypto market with Bitcoin dominance rising, but now overall we see a trend of altcoins rising and this seems to be confirmed by the bullish cross over by Ethereum. The Bollinger bands suggest that ETH did hit the resistance line and then bounced back and has crossed the neutral line to the outer band. The RSI Indicator also is on the rise and is at 61 which confirms the Momentum.

The next target price seems to be 0.035 against BTC, but it wouldn't come without the necessary corrections in between as the ETCHBTC is hovering around 0.032.

Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.