ETH/BTC – 30M – BUY

The ETH/BTC pair on the 30-minute timeframe has fired a confluence of bullish signals: a Trendline Break Up, a Fibonacci Break UpTrend (0%), a Bullish Harami Cross, and a Long Legged Doji. This cluster suggests strong buying pressure and a potential reversal of the prior downtrend. The trend across timeframes is uniformly bullish, with the 1-day timeframe showing a very strong trend (4/5) and the 8h/12h showing solid trends (3/5), indicating alignment from higher timeframes. The nearest resistance at 0.02980 is the immediate target, while support at 0.02948 provides a cushion. The combination of trendline breakout, Fibonacci retracement completion, and bullish candlestick patterns reinforces the bullish bias.

However, the shorter timeframes (30m to 4h) show choppy/sideways action with weak trend scores (1/5), suggesting that the immediate momentum may be tentative. The invalidation level is below the recent swing low, likely near the support at 0.02948. A break below that level would negate the bullish setup. Additionally, the Fibonacci Break UpTrend at 0% indicates the pair has retraced to the start of the move, which can act as a pivot but also may see further consolidation. Traders should watch for a sustained move above resistance to confirm the breakout.