ETH/BTC – 30M – BUY

The ETH/BTC 30-minute chart has fired a cluster of bullish signals, including a BOP Zero Cross Up, T3 Retreat Up, Fibonacci Retreat UpTrend at 79%, and multiple bullish candlestick patterns (Belt Hold Bullish, Bullish Engulfing, Tweezers Bottom). This confluence suggests a short-term bounce is underway, likely targeting the nearest resistance at 0.02965. However, the higher timeframes are predominantly bearish, with the 1h, 2h, and 4h charts all showing choppy/sideways bearish trends. The 12h and 1d timeframes are bullish, with the daily showing an extremely strong trend, indicating that the longer-term bias remains positive. The bullish signals on the 30M chart may represent a counter-trend bounce within a larger consolidation, and traders should watch whether price can reclaim the 30M resistance to confirm a shift in momentum.

Key levels to monitor are the nearest support at 0.02923 and resistance at 0.02965. A break above resistance would signal a stronger bullish reversal, while a drop below support would invalidate the bullish setup and suggest the bearish pressure persists. The alignment across timeframes is mixed, so traders should treat this as a tactical long opportunity with defined risk, rather than a high-conviction trend trade. The Fibonacci retreat level at 79% adds confluence, indicating that price is near a significant retracement zone that could act as a springboard for a rebound.