ETH/BTC – 4H – SELL

The 4H chart for ETH/BTC has fired a dense cluster of bearish signals, including a Trendline Retreat Down, BOP Zero Cross Down, BBANDS UPPER Retreat Down, Fibonacci Retreat DownTrend (79%), Bearish Harami, Spinning Top Bearish, and Resistance Level Retreat Down. These signals collectively indicate that the pair is facing strong selling pressure at a key resistance level, with momentum shifting bearish on the 4H timeframe. The confluence of candlestick patterns and indicator retreats suggests a potential short-term reversal or pullback.

However, the higher timeframes remain predominantly bullish, with the 1D showing a very strong uptrend (4/5) and the 1H, 2H, and 12H all bullish. The 4H trend is currently bullish but choppy/sideways (1/5), which aligns with the bearish signals on that timeframe. This suggests that the sell signal is likely a corrective move within a larger uptrend. Key levels to watch are the nearest resistance at 0.02978 and support at 0.02923. A break below support could confirm further downside, while holding above support might see the uptrend resume.