ETH/BTC – 30M – SELL

The SELL signal on ETH/BTC 30M is driven by a confluence of bearish indicators and patterns, including a Trendline Retreat Down, Bull Pennant, BOP Zero Cross Down, STOCH KD Cross Down, WILLR OB Exit, Fibonacci Retreat DownTrend (100%), Bearish Engulfing, and Marubozu Bearish. These signals suggest short-term bearish momentum and a potential retracement within the broader uptrend. However, the overall trend across all timeframes remains bullish, with the 30M and 1D showing solid trends (3/5), while others are forming (2/5). This indicates that the bearish signal is likely a pullback rather than a reversal, and the trend may resume after the correction.

Key levels to watch are the nearest resistance at 0.02966 and support at 0.02921. A break below support could signal deeper correction, while holding support may allow the bullish trend to continue. The weak signal strength (55%) and low probability suggest limited downside, so traders should be cautious and monitor these levels closely. The confluence of multiple bearish signals adds weight to the short-term bearish case, but the higher timeframe bullish trend is a counterweight.