Ethereum's rising Taker Buy-Sell Ratio suggests derivative traders likely drove Friday's price jump. US investors maintain cautious sentiment following strong outflows in ETH ETFs and declining Coinbase Premium. ETH could see a rejection again at the 20-day EMA after holding the symmetrical triangle support.
Bitcoin price failed again to clear the $53,000 resistance. BTC is now back below $52,000 and there are chances of a downside break below the $50,500 support.
Ethereum price spiked above the $3,000 resistance before the bears appeared. ETH is correcting gains, but dips might be limited below the $2,865 support.