ETH/BTC – 30M – SELL

The ETH/BTC pair on the 30-minute timeframe has triggered a dense cluster of bearish signals, including multiple retreat-down patterns (DEMA, EMA, KAMA, HT TRENDLINE), a trendline break up followed by a retreat down, and bearish crossovers from BOP and STOCHRSI. This confluence indicates strong selling pressure and a likely continuation of the downtrend in the short term. The nearest resistance at 0.02980 is a critical level; a failure to reclaim it would reinforce bearish momentum. However, the longer-term trend is firmly bullish, with the daily timeframe showing a very strong uptrend (4/5). This creates a classic conflict: the short-term selloff may be a corrective pullback within a larger bullish structure. Traders should watch the nearest support at 0.02948; a break below could accelerate selling toward deeper support, while a bounce could signal the end of the correction.