ETH/BTC – 1H – SELL

The 1H chart for ETH/BTC has fired a dense cluster of bearish signals, led by a Trendline Break Down and a Double Top pattern, with breadth across chart patterns, trendlines, Fibonacci, indicators, and candlesticks. The confluence includes a BOP Zero Cross Down, BBANDS Middle Cross Down, and EMA/KAMA Retreat Down, all pointing to sustained selling pressure. This aligns with the immediate trend: 30m, 1H, and 2H timeframes are bearish, with the 1H showing a solid trend (3/5). However, the higher timeframes are mixed: 12H and 1D remain bullish, with the daily showing a very strong trend (4/5), suggesting this is likely a pullback within a larger uptrend rather than a full reversal.

Key levels to watch: the nearest resistance is at 0.02978, which now acts as a barrier if price attempts to recover. With no defined support nearby, the next support may be a prior swing low or a Fibonacci level. The strength of the signal (97% probability, very strong) suggests momentum is firmly bearish in the short term, but traders should be cautious of the conflicting higher timeframe trend. A break back above the broken trendline or the double top neckline would invalidate the bearish setup, while a failure to hold below the current levels could lead to a bounce toward resistance.