On the July 28th Ethereum price touched 0.066 BTC and it's safe to say that it was the bottom. On the daily chart price is now in the ascending triangle and the break out is going to happen before this week ends. First target is at 0.095 BTC and we have to keep an eye on the 50 day moving average (yellow line) which is presenting resistance from above. It might force you to take a profit earlier at the 0.093 BTC.
BTC-ETH daily
After six weekly candles the colors have finally switched. This weeks candle is trading above previous week, which means that traders are opening long positions right now. The border has been crossed less than an hour ago, this will trigger a rise in the demand most likely and the price will follow.
BTC-ETH weekly
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