ETH BTC pair showing ETH under pressure to react - out of steam

ETH is under Long term resistance against the King Crypto, Bitcoin.

That weekly chart above does show ETH making its first come back since Late 2021 but now, it has reached a libe it may struggle to overcome.

The Weekly MACD below shows us there is room to move but look back at the last aTH in "021 ( dashed lines) amd see where MACD was then !


The Weekly RSI is already up in Overbought but as we know, it can range High


But, again, look back where RSI was when it reached its ATH's in 2021 ( dashed lines )

The DAILY chart also shows possible reasons to think that ETH may taje a breather.


OA being rejected off long term resistance
RSI has ranged high for weeks
MACD has ranged high for weeks.

True, with the American backing for its "Baby Crypto", mpmentum may continue but just remember, it is NOT decentralised really...the more you have, the more power you have to influence it.
Anyway..just be aware....Moves ARE about to happen and they could be in either direction but, Technicaly, it should Range or Dip.
Unless there is some other backing yet to appear......coughs......