According to expert, Tyler Durden (@TylerDurden), Ethereum (ETH) is about to finish the growing wave against Bitcoin (BTC).
If the support at 0.025 BTC does not hold the leading altcoin from the fall, then it might retest the level observed at the end of May. The analysis is done on the 4H time frame.
On the daily chart, the situation is also not perfect for bulls. The trading volume keeps going down suggesting a further price drop. What is more, there is a bearish divergence on the Relative Strength Index indicator. If the decline continues, the nearest mark where sellers can get to is 0.0241 BTC. If the trading volume remains at the relatively same position, bears may achieve the support by the end of July-beginning of August 2020.
Ethereum is trading at 0.0255 BTC at press time.