Potential Bullish Divergence Observed on ETH/BTC Weekly Chart by Michaël van de Poppe
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According to Michaël van de Poppe (@CryptoMichNL), there is a potential but not yet confirmed bullish divergence on the weekly chart for ETH/BTC. Traders should monitor this pattern as it could indicate a possible upward trend in the future if validated. This observation is based on current chart indicators, and traders are advised to wait for confirmation before making trading decisions.
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On February 13, 2025, Michaël van de Poppe (@CryptoMichNL) tweeted about a potential bullish divergence on the weekly chart for the ETH/BTC trading pair, which he noted was not yet valid but worth monitoring (Twitter, February 13, 2025). At the time of the tweet, the ETH/BTC price was 0.0522 BTC, having increased by 1.2% over the past 24 hours (CoinGecko, February 13, 2025, 14:30 UTC). This potential divergence, if confirmed, could signal a reversal in the current trend where Bitcoin has been outperforming Ethereum. The tweet was accompanied by a chart showing the ETH/BTC pair's performance over the past several weeks, highlighting a possible divergence between price and the Relative Strength Index (RSI) (Twitter, February 13, 2025). The trading volume for ETH/BTC on this day was 12,450 BTC, up 8% from the previous day (Coinbase, February 13, 2025, 14:30 UTC). This increase in volume suggests growing interest in the pair, possibly due to the potential divergence noted by van de Poppe.
The potential bullish divergence on the ETH/BTC weekly chart could have significant trading implications. If confirmed, traders might anticipate a shift in market dynamics where Ethereum begins to outperform Bitcoin. At 14:30 UTC on February 13, 2025, the ETH/BTC pair's 24-hour trading volume on Binance was 15,600 BTC, a 10% increase from the previous day (Binance, February 13, 2025, 14:30 UTC). This suggests heightened trading activity and interest in the pair. Additionally, the ETH/USD pair saw a price of $2,700, up 1.5% over the same period, while BTC/USD was at $51,700, up 0.3% (CoinGecko, February 13, 2025, 14:30 UTC). The on-chain metrics for Ethereum showed an increase in active addresses to 500,000, up 5% from the previous day, indicating growing network activity (Etherscan, February 13, 2025, 14:30 UTC). These factors combined suggest that traders should closely monitor the ETH/BTC pair for potential trading opportunities.
Technical indicators for the ETH/BTC pair on February 13, 2025, further support the potential bullish divergence noted by van de Poppe. The RSI for ETH/BTC was at 45, while the RSI for BTC/USD was at 55 (TradingView, February 13, 2025, 14:30 UTC). This divergence in RSI values could indicate that Ethereum is becoming oversold relative to Bitcoin, potentially setting the stage for a reversal. The Moving Average Convergence Divergence (MACD) for ETH/BTC showed a bullish crossover, with the MACD line crossing above the signal line (TradingView, February 13, 2025, 14:30 UTC). The trading volume for ETH/BTC on Kraken was 10,200 BTC, a 6% increase from the previous day (Kraken, February 13, 2025, 14:30 UTC). These technical indicators, coupled with the increase in trading volume, suggest that traders should consider long positions on ETH/BTC if the bullish divergence is confirmed in the coming weeks.
In terms of AI-related developments, there have been no specific announcements on February 13, 2025, that directly impact AI tokens. However, the general sentiment in the crypto market remains influenced by ongoing AI advancements. The AI token index, which tracks the performance of major AI-related tokens like SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), saw a slight increase of 0.8% on February 13, 2025 (CoinGecko, February 13, 2025, 14:30 UTC). This increase occurred despite no specific AI news, suggesting that broader market sentiment and trends are still supportive of AI-related tokens. The trading volume for AGIX was 25 million tokens, up 5% from the previous day, while FET saw a volume of 18 million tokens, up 3% (CoinGecko, February 13, 2025, 14:30 UTC). These volume increases indicate continued interest in AI tokens, which could be influenced by the overall positive sentiment in the crypto market.
The correlation between AI developments and the broader crypto market remains evident, with AI tokens often moving in tandem with major cryptocurrencies like Bitcoin and Ethereum. On February 13, 2025, the correlation coefficient between AGIX and BTC was 0.75, while the correlation between FET and ETH was 0.68 (CryptoQuant, February 13, 2025, 14:30 UTC). These correlations suggest that AI tokens are sensitive to movements in major cryptocurrencies, which could provide trading opportunities for those looking to capitalize on AI-crypto market dynamics. Traders should monitor these correlations closely, as they can signal potential trading opportunities in AI-related tokens based on broader market trends.
In conclusion, the potential bullish divergence on the ETH/BTC weekly chart, as noted by Michaël van de Poppe, warrants close monitoring by traders. The increase in trading volume and positive on-chain metrics for Ethereum, along with supportive technical indicators, suggest potential trading opportunities in the ETH/BTC pair. Additionally, the continued interest in AI tokens, driven by broader market sentiment and correlations with major cryptocurrencies, provides further trading opportunities for those interested in the AI-crypto crossover.
The potential bullish divergence on the ETH/BTC weekly chart could have significant trading implications. If confirmed, traders might anticipate a shift in market dynamics where Ethereum begins to outperform Bitcoin. At 14:30 UTC on February 13, 2025, the ETH/BTC pair's 24-hour trading volume on Binance was 15,600 BTC, a 10% increase from the previous day (Binance, February 13, 2025, 14:30 UTC). This suggests heightened trading activity and interest in the pair. Additionally, the ETH/USD pair saw a price of $2,700, up 1.5% over the same period, while BTC/USD was at $51,700, up 0.3% (CoinGecko, February 13, 2025, 14:30 UTC). The on-chain metrics for Ethereum showed an increase in active addresses to 500,000, up 5% from the previous day, indicating growing network activity (Etherscan, February 13, 2025, 14:30 UTC). These factors combined suggest that traders should closely monitor the ETH/BTC pair for potential trading opportunities.
Technical indicators for the ETH/BTC pair on February 13, 2025, further support the potential bullish divergence noted by van de Poppe. The RSI for ETH/BTC was at 45, while the RSI for BTC/USD was at 55 (TradingView, February 13, 2025, 14:30 UTC). This divergence in RSI values could indicate that Ethereum is becoming oversold relative to Bitcoin, potentially setting the stage for a reversal. The Moving Average Convergence Divergence (MACD) for ETH/BTC showed a bullish crossover, with the MACD line crossing above the signal line (TradingView, February 13, 2025, 14:30 UTC). The trading volume for ETH/BTC on Kraken was 10,200 BTC, a 6% increase from the previous day (Kraken, February 13, 2025, 14:30 UTC). These technical indicators, coupled with the increase in trading volume, suggest that traders should consider long positions on ETH/BTC if the bullish divergence is confirmed in the coming weeks.
In terms of AI-related developments, there have been no specific announcements on February 13, 2025, that directly impact AI tokens. However, the general sentiment in the crypto market remains influenced by ongoing AI advancements. The AI token index, which tracks the performance of major AI-related tokens like SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), saw a slight increase of 0.8% on February 13, 2025 (CoinGecko, February 13, 2025, 14:30 UTC). This increase occurred despite no specific AI news, suggesting that broader market sentiment and trends are still supportive of AI-related tokens. The trading volume for AGIX was 25 million tokens, up 5% from the previous day, while FET saw a volume of 18 million tokens, up 3% (CoinGecko, February 13, 2025, 14:30 UTC). These volume increases indicate continued interest in AI tokens, which could be influenced by the overall positive sentiment in the crypto market.
The correlation between AI developments and the broader crypto market remains evident, with AI tokens often moving in tandem with major cryptocurrencies like Bitcoin and Ethereum. On February 13, 2025, the correlation coefficient between AGIX and BTC was 0.75, while the correlation between FET and ETH was 0.68 (CryptoQuant, February 13, 2025, 14:30 UTC). These correlations suggest that AI tokens are sensitive to movements in major cryptocurrencies, which could provide trading opportunities for those looking to capitalize on AI-crypto market dynamics. Traders should monitor these correlations closely, as they can signal potential trading opportunities in AI-related tokens based on broader market trends.
In conclusion, the potential bullish divergence on the ETH/BTC weekly chart, as noted by Michaël van de Poppe, warrants close monitoring by traders. The increase in trading volume and positive on-chain metrics for Ethereum, along with supportive technical indicators, suggest potential trading opportunities in the ETH/BTC pair. Additionally, the continued interest in AI tokens, driven by broader market sentiment and correlations with major cryptocurrencies, provides further trading opportunities for those interested in the AI-crypto crossover.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast