The 30-day correlation between Ether and Bitcoin remains at 0.81 above zero.
Read moreThis Ethereum price chart pattern suggests ETH can reach $6.5K in Q4
The upside outlook appears as ETH price eyes a breakout above its five-month-old resistance trendline.
Read moreEthereum loses key support level as ETH price falls to two-month lows against Bitcoin
ETH/BTC dropped below its 200-day exponential moving average for the first time since March 2020, raising risks of more downside.
Read moreEthereum risks drop below $3.2K as ETH price faces heavy resistance
A confluence of at least three different bearish indicators appears on Ethereum’s multi-timeframe charts, suggesting that its ongoing bull run risks exhaustion.
Read moreEthereum price options: All $250M in bearish bets for Friday are underwater
Bears are in deep trouble as ETH bulls are likely to pocket $115 million from Friday’s options expiry.
Read moreEthereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
The eerie deja vu scenario can see Ethereum hit $13,000 within six months if history repeats.
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