ETH/BTC – 1H – SELL

The 1H ETH/BTC chart has fired a cluster of bearish signals, including a Bearish Engulfing candlestick, a High Wave Bearish pattern, and a BOP Zero Cross Down, indicating selling pressure. The WILLR OB Exit and T3 Retreat Down confirm momentum is turning lower from overbought conditions, while the Fibonacci Retreat DownTrend (79%) suggests price is pulling back within a larger downtrend. The HT PHASOR Inphase Cross Up adds a note of caution, as it can signal a short-term bounce, but the overall bearish confluence dominates.

Despite the bearish 1H signals, the trend across all higher timeframes (15m to 1d) is bullish, with the daily timeframe showing a solid trend (3/5). This creates a conflict: the immediate momentum is bearish, but the larger trend remains up. The nearest resistance at 0.02987 and support at 0.02954 are key levels to watch. A break below support could confirm the bearish move, while a hold above resistance might invalidate it. Traders should be cautious of the bullish higher timeframe trend, which could limit downside or cause a reversal.