📊 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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.