ETH/BTC – 2H – SELL

The 2H chart for ETH/BTC has fired a dense cluster of bearish signals, led by a Trendline Break Down and a Symmetrical Triangle resolution to the downside. The bearish case is reinforced by an EMA 200 Break Down, a DEMA Retreat Down, and an APO Zero Cross Down, all pointing to sustained selling pressure. The Fibonacci Break UpTrend (0%) adds confluence, suggesting the recent up-move has been fully retraced. However, the STOCHF KD Cross Up is a short-term counter-signal that could trigger a minor bounce, but it is likely to be overwhelmed by the broader bearish momentum.

Across timeframes, the picture is mixed but leans bearish in the near term. The 15m and 30m charts show strong bearish trends, while the 1h and 8h are forming bearish trends. The 2h and 4h are choppy, but the overall direction is down. In contrast, the 12h and 1d are bullish, with the daily showing an extremely strong uptrend. This suggests the current sell-off is likely a correction within a larger bull market. Key levels to watch are nearest resistance at 0.02978 and support at 0.02923; a break below support could accelerate the decline, while a reclaim of resistance would invalidate the bearish setup.