Can ETH rise against the fall of BTC? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
On the hourly chart, Ethereum is trading near the local resistance level of $1,295.30. If bulls can hold the gained initiative until the end of the day, one can expect a further rise to the $1,300 mark.
On the bigger time frame, Ethereum has made a false breakout of yesterday's low at $1,280. While the price is above it, the main altcoin has a chance for a short-term correction.However, traders should consider a quick reversal as ETH does not have enough strength for that. It can only happen if the rate reaches the resistance at $1,338. Ethereum has not yet decided which way to go against Bitcoin on the daily time frame. Currently, the price is closer to the support than to the resistance, which means that sellers' pressure remains relevant. If the fall continues, followed by a breakout, it can generate a sharp downward move to the 0.065 mark.
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