Why is the ETH/BTC price dropping?

Moreover there is bearish price action (price going up and volume going down). There are two reasons that can make ETH/BTC pair drop : 1 - BTC pump more than... DUMPS starting now. Happens over and over. Check back next year The movement south seems to start.

Is ethbtc bullish or bearish?

ETHBTC is looking strongly bullish. We have the cup pattern clearly marked, which shows that any correction is in the past and already over. We have prices trading above EMA50 and flying above EMA10. We have a bullish count on the TD Sequential... ETHBTC has formed a possible inverse H&S on the 2D timeframe, this is within a larger macro wedge.

What would happen to ETH if BTC Stood Still at 50500?

As a follow up to the previous post (link).... she also smacks the 1.168 Fib like a boss.... which is a very typical upside Fib. By the way, if BTC stood still at $50,500 this would put ETH at $11,918 at a 0.236 ratio.

How to identify ETH breakout?

Look for ETH to flip the neckline from resistance to support, verifying the breakout. Once the breakout is verified, the Historical Diagonal resistance becomes the last test before ETH completes the pattern at .131 BTC.