📊 Ethereum vs Bitcoin (ETH/BTC) – Weekly Chart Update
ETH/BTC has officially broken out of its long-term downtrend (yellow trendline) that’s been in play since 2022. After the breakout, price is now retesting the previous resistance area — a classic move before potential continuation.
🔹 Key Levels to Watch:
Resistance Zone: 0.059–0.063 BTC (Fibonacci 1.272–1.414 extension zone, highlighted in yellow)
Major Target: 0.067 BTC (Fib 1.618)
Support: 0.033–0.035 BTC
Long-term support: 0.024 BTC
A successful hold above the breakout zone could confirm a trend reversal in favor of Ethereum dominance. A rejection, however, might lead to another leg down before accumulation.
🚀 Will ETH finally regain strength vs BTC, or is this just a relief rally?
#ETHBTC #Ethereum #Bitcoin #CryptoTrading #TechnicalAnalysis #AltcoinSeason #CryptoChart
ETH/BTC has officially broken out of its long-term downtrend (yellow trendline) that’s been in play since 2022. After the breakout, price is now retesting the previous resistance area — a classic move before potential continuation.
🔹 Key Levels to Watch:
Resistance Zone: 0.059–0.063 BTC (Fibonacci 1.272–1.414 extension zone, highlighted in yellow)
Major Target: 0.067 BTC (Fib 1.618)
Support: 0.033–0.035 BTC
Long-term support: 0.024 BTC
A successful hold above the breakout zone could confirm a trend reversal in favor of Ethereum dominance. A rejection, however, might lead to another leg down before accumulation.
🚀 Will ETH finally regain strength vs BTC, or is this just a relief rally?
#ETHBTC #Ethereum #Bitcoin #CryptoTrading #TechnicalAnalysis #AltcoinSeason #CryptoChart
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