ETH/BTC Weekly Analysis

Hello everyone,

Eth/Btc has been bullish for a while now and despite the downtrend of Btc, Eth managed to keep it up and finally visited a significant price level after 3 years. However, it's still stuck in a range and haven't give us a clear clue yet, whether if it's going to test the recent demand or taking the liquidity from the imbalance zone. If the price manages to close above the imbalance area, Ethereum will likely continue it's uptrend. On the other hand, if the price closes below the range high, buyers should react at the recent demand area. If the buyers couldn't manage to absorb the selling presure, traders should consider level to level trade in this range.