ETH has remained in a moment of rise and possible laterality, it goes without saying that any movement of BTC causes ETH to react and move up or down depending on the movement of BTC:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FKf3TB52.png&t=665&c=voXreLClj8gRvg)
However, this tight-range trading is unlikely to continue for long. If bulls push the price above the 50-day SMA, the ETH/USDT pair could rally to the downtrend line. This level may again act as a resistance but if crossed, the next stop could be $2,990.05.
Source:
https://cointelegraph.com/news/price-analysis-7-6-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltcAlthough BTC had a recovery, it is at a price level that is still very susceptible, this affects the price of ETH, however many expect BTC to reach $ 40k and ETH to reach $ 3k again.