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Tuesday, April 20, 2021

Ethereum: USD/ETH (ETH=) is showing signs of decoupling from BTC

Ethereum: USD/ETH (ETH=) is showing signs of decoupling from BTC

ETH moved between $180 and $190 in the past weeks. On Thursday, the asset traded at $186.69. The ETH price has barely moved in the past week, despite the relatively large sway in BTC prices. Ethereum is showing signs of decoupling from BTC, as the coin is no longer facing sell-offs, or the bet between BTC and ETH positions.

One of the reasons for ETH stability are the higher trading volumes, currently above $7.7 billion. The share of ETH in terms of overall crypto trading is also rather stable, close to 12% of all activity over the past few months. And while Ethereum is no longer looking ready to attack or “flippen” BTC, it has become an important fixture in the crypto market.

Technical Indicators

Overall, the bias in prices is: Downwards.

The projected upper bound is: 201.76.

The projected lower bound is: 167.35.

The projected closing price is: 184.55.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 68.9804. This is not an overbought or oversold reading. The last signal was a sell 38 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.74. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 59 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -29. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 6 period(s) ago.

Rex Takasugi – TD Profile

FOREX ETH= closed up 0.040 at 184.240. Volume was 78% below average (consolidating) and Bollinger Bands were 72% narrower than normal.

Open High Low Close Volume___
185.050 186.880 180.040 184.240 14,119

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 184.92 180.84 214.21
Volatility: 33 62 84
Volume: 36,037 54,769 66,182

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


FOREX ETH= is currently 14.0% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of ETH= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on ETH= and have had this outlook for the last 21 periods.

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