ETH/BTC – 8H – BUY

The ETH/BTC pair on the 8H timeframe has fired a confluence of bullish signals including a Trendline Break Up, Double Bottom, Triple Bottom, and multiple moving average retreats. This aligns with a bullish trend across all timeframes, with the daily chart showing a very strong trend (4/5) and the 8H and 12H showing solid trends (3/5). The nearest support at 0.02870 has held, providing a base for the breakout. The triple bottom pattern suggests strong accumulation, and the BOP zero cross up indicates buying pressure. The multiple EMA and SMA retreat signals confirm that pullbacks are being bought, reinforcing the bullish momentum.

Key levels to watch are the support at 0.02870, which must hold to maintain the bullish structure. The lack of identified resistance suggests potential for further upside, but traders should monitor for any signs of exhaustion or reversal. The high probability and strong strength of the signals, combined with trend alignment across timeframes, support a bullish outlook. However, the choppy behavior on lower timeframes (15m, 1h, 2h) could lead to short-term volatility.