Bitcoin / US Dollar
Price Analysis
The market remained stable during the last week, without any significant move. This is probably due to a lack of news or major events during this period. There is always a storm waiting to begin after a calm period. Especially after the third halving, Bitcoin's price has developed reduced volatility without sudden drops or spikes. The reduced volatility around $ 10,000 is considered from many analysts as the fair price for Bitcoin. The fair price scenario may differ from analysts to analysts as there are analysts that predict $ 10,000 as the fair price and more optimistic analysts that predict $ 200,000 as of the fair price.
Regarding the technical points, a symmetric triangle formed during the last, showing tremendous power absorption in the next days. Decreasing volatility shows that a sharp move is highly possible in the next days. If the volume increase, this move is highly possible to break the $ 10,000 and create another bullish trend. If the volume remains low, the established trend will possibly turn bearish.
In the short -- term diagram, we can observe that the price follows a bending curve from $ 8,700 to $ 9,700 during the last two weeks. This curve indicates that moving support could lead to a bullish move, gaining support from the bending curve. The power absorption between $ 9,300 and $ 9,800 is highly likely to follow by a 10 % change over the next days.
Indicators
Both indicators show continuous stability with the MACD index moving on the negative side, with almost no change in the momentum. On the other hand, the RSI index moves steadily below 60, a mere bullish signal. We expect a price's surge if all supports remain untouched.
Ethereum / US Dollar
Price Analysis
The same pattern appeared in Ethereum's price. The symmetric triangle indicates a sharp move in the next days in both directions. The volume is decreasing, showing that the price levels will not last for long if there is a supporting volume.
A corrective move is considered possible, especially if Bitcoin falls in the next days. The correlation between the two assets remains high and this means that rises and falls for Bitcoin might sparkle reactions to Ethereum's price. The established relation between Bitcoin and Ethereum can play an important role in crypto trading, due to its impact on the rest of crypto-economics.
We expect a move according to Bitcoin's price, independent from the fundamental analysis while there is a possibility for extending the stable period over a week without any significant moves around it.
Indicators
MACD index remains near zero, showing that the last momentum effect was halted, without giving any more fuel to Ethereum's price. The lost momentum could regain some points in the next days as the RSI index stands above 60, showing that there is more room for climbing before there is a correction.
