ETH/BTC – 30M – SELL

The ETH/BTC pair on the 30-minute chart has triggered a strong bearish signal, with an 87% probability and very strong strength. The signal is driven by a confluence of factors: a trendline break down, AROON indicating a strong downtrend, BOP crossing below zero, and multiple moving average retreats (DEMA and EMA). Additionally, candlestick and Fibonacci patterns reinforce the bearish outlook. The short-term trend is clearly bearish, with the 15m and 30m timeframes showing solid or forming downtrends. However, the higher timeframes (8h, 12h, 1d) remain bullish, suggesting this is likely a pullback within a larger uptrend.

Key levels to watch: the nearest resistance is at 0.02975, which could act as a barrier if price retraces. There is no defined nearest support, indicating that downside targets are unclear, but the bearish momentum could push price lower. The alignment of multiple indicators on the 30m timeframe provides a strong short-term bearish case, but traders should be cautious of the conflicting bullish higher timeframes, which could limit the downside or reverse the move.