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The ETH/BTC chart shows a strong bullish pattern in play, which could bring significant bullish momentum to this coin. The pattern forms a Cup and Handle, with a neckline at 0.086 BTC - 0.0825 BTC. However, the coin price is still busy forming the handle portion of this pattern.

Handle Breakout Potential

Once the ETH price breaks above the overhead resistance of 0.086 BTC, traders could grab an excellent long opportunity in this coin. The EMAs (20, 50, 100, and 200) show bullish alignment for the ETH coin, indicating a strong bullish trend.

Relative Strength Index (RSI) Sentiment

The RSI value at 58 indicates a positive sentiment among market participants, but the RSI chart bearish divergence suggests to keep your guard up.

ETH/BTC Chart In The 4-Hour Time Frame

The remarkable rally of the ETH coin faced strong resistance from the 0.83 BTC level on March 15th, and since then, the price has kept resonating in a short-range, stretching from 0.55 BTC to 0.