Yesterday's rise in the price of BTC showed resistance around $58275.

The ETH/USD pair dropped below the $1785 and $1750 support levels.

Analysts are confident that Bitcoin price is currently at its peak and a bearish correction is inevitable.

Now the $41000 level is once again the target for the Bitcoin price.

The next few days should provide some insight into the future of Ethereum. And there is no doubt that Bitcoin will have an impact on the further movement of the Ethereum price.

If we see the price of Ethereum rise above $1150, the price may show a 20% increase.

If Ethereum stays above the level of $720, it has a chance to start new growth.

Traders started taking profits during the European session amid growing demand for the US dollar.

In the case of a decline, the ETH/USD pair may drop to the 520 area, where it will find support

On the hourly chart of the ETH/USD pair, a triangle is forming with resistance at 600 and support at 590.

100MA supports the pair ETH/USD

BTC/USD may consolidate or show a pullback to the area of $14000

Recovery of the pair ETH/USD to the level of $400 is inevitable

The bears did not allow the bulls to develop their growth and returned the price of Ethereum below the previous resistance level of $375.

ETH/USD retains a chance to resume growth if the price does not fall below the support level of $370.

If the bears try to develop the decline, they need to push the LTC price below the $45,44 support level.

If the pair ETH/USD manages to close above the $365 mark, the bulls will pick up the initiative and the pair will continue to rise

Today's decline has pushed the ETH/USD pair below the uptrend. This strengthens forecasts for the further decline of the ETH/USD

On the hourly chart, the ETH/USD pair was able to form two upward pennants. Price broke down from the first large upward pennant and entered a new upward pennant.

To continue further growth, the ETH/USD pair needs to close above $430.

If the ETH/USD pair continues to decline and the daily candle closes below the $400 level, a steady decline may begin.