📊 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.