ETH/BTC – 2H – BUY

The ETH/BTC pair on the 2H timeframe has triggered a confluence of signals that collectively suggest a bullish reversal may be underway. The breaking of a downward trendline, coupled with a Double Top pattern—typically bearish but here acting as a reversal signal—indicates a shift in momentum. The Bullish Harami candlestick pattern reinforces this, while the BOP Zero Cross Up and STOCHF KD Cross Up suggest buying pressure is increasing. However, the MACD Zero Cross Down and HT PHASOR Inphase Cross Down introduce caution, as they reflect lingering bearish momentum. The Fibonacci Break UpTrend (0%) points to a potential retracement to the 0% level, often a key support. Despite the 2H and lower timeframes being bearish, the higher timeframes (8H, 12H, 1D) are bullish, indicating that the longer-term trend may support a recovery. Key levels to watch are resistance at 0.03012 and support at 0.02953.