It is often thought that with the fall in bitcoin prices it takes the entire market with it, but in this case BTC and Ethereum are traveling completely different paths.
Bitcoin is currently around $ 53,500 and struggles hard to raise between $ 54,000 and $ 56,000.
In the meantime, ETH is gaining a lot of ground to the point of being at $ 2,430 almost reaching its all-time high.
And then what will happen now? Apparently BTC is looking for March 25 lows of $ 50,500 and Ethereum looking for the $ 3,000 mark, but let's take a closer look in my new analysis for Cryptocurrency.
Today, we see on the 4H chart how a pennant had formed after the crash of Bitcoin on Saturday.
And the early morning of this Thursday has broken the pennant down, at levels of $ 53,500. If you follow this step, the next support is $ 52,000 and this, for purchase orders, then you can look for prices on March 25 at $ 50,500 and from there the stop at $ 48,000.
Upwards there seems to be no strength, since it has cost it to exceed $ 56,500 and only for brief moments on Tuesday it was for the $ 57,000.
Ethereum, for its part, has not encountered great difficulties. The 4H chart resumed the bullish channel, which it had before Saturday and at the moment it presents a price of $ 2,433 very close to its historical maximum.
Below, $ 2,150 was left behind to plant support at $ 2,300. From above, $ 2,500 seems close and from then on everything is unknown, but it seems like a pretty viable path towards $ 3,000.
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Analysis by analyst César Quintero for Cryptocurrency