BTC leads crypto rally as Ethereum shows weakness against Bitcoin.
The next potential targets to watch for ETH/BTC are best visible on the weekly chart.
Namely, the 0.067-0.065 BTC area, which has served as a strong support level in recent history. A successful rebound here could have ETH price rebound toward its multi-month descending trendline resistance near 0.075 BTC.Conversely, a decisive break below the 0.067-0.065 BTC range could have ETH enter an extended selloff toward the 200-week exponential moving average near 0.055 BTC, down about 20% from current price levels.This article does not contain investment advice or recommendations.
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