BTC Bitcoin (BTC) had been following an ascending support line since the beginning of July. On Dec 4, it broke down from the line and proceeded to reach a low of $42,000.
However, it bounced shortly afterwards and validated the line as resistance (red icon). The line also coincides with the 0.382 Fib retracement resistance level at $52,450.
Until it manages to reclaim it, the trend cannot be considered bullish.
ETH
Unlike BTC, Ethereum (ETH) is still following its ascending support line. The Dec 4 fall only caused a validation of this line and created a long lower wick (green icon). This is considered a sign of buying pressure.
Therefore, the price movement of ETH is more bullish than that of BTC and could eventually move towards a new all-time high price.
[Chart By TradingView](https://www.tradingview.com