ETH Breaks 11-Month Downtrend as Eric Trump Jinx Looms Again
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- ETH/BTC has broken an 11-month downtrend with a bullish RSI crossover confirmed.
- Ethereum spot ETFs saw $84.42M net inflows last week, ending 8 weeks of outflow.
- Eric Trump called ETH bullish twice before crashes of 51% and 62% each followed.
Ethereum is trading around $1,816, up 4.30% on the day, and breaking out of an 11-month downtrend against Bitcoin on the weekly chart. ETF inflows have returned after eight consecutive weeks of outflows. The technicals are improving and Eric Trump just said ETH is pumping hard.
That last point is making some traders uncomfortable.
Setup Looks Genuinely Constructive
Analyst Ash Crypto flagged a bullish RSI crossover on the ETH/BTC weekly chart, confirming a breakout from a downtrend that has persisted for nearly a year. The signal is important because ETH/BTC ratio moves tend to precede broader Ethereum price action.
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Coins
$ 62.59K
-2.38%
$ 1.78K
-2.45%
$ 0.00186
$ 1.77K
-2.32%Funds
Predictions Markets
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In This News
Coins
$ 62.59K
-2.38%$ 1.78K
-2.45%$ 0.00186
$ 1.77K
-2.32%Funds
Predictions Markets
See what traders are focused on
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