ETH/BTC – 30M – SELL

The SELL signal on ETH/BTC at the 30-minute timeframe is backed by a confluence of bearish signals. The Double Bottom pattern, typically bullish, has been invalidated by the subsequent breakdown, while the Tweezers Top at a recent high suggests a reversal. The BOP Zero Cross Down and STOCH KD Cross Down confirm selling pressure, and the retreat from the upper Bollinger Band and the EMA 200 retreat indicate momentum is shifting lower. The Fibonacci Break DownTrend (24%) adds a technical level to the downside, and the HT SINE Zero Cross Down aligns with a cyclical downtrend.

Across timeframes, the higher timeframes (1H to 12H) are all bearish with trend forming (2/5), which supports the sell signal. The 15M and 30M are choppy but bullish, yet the signal on the 30M is strong. The 1D is bullish with a solid trend (3/5), which is a key risk. The nearest resistance at 0.02972 and support at 0.02948 are critical: a break below support could accelerate the decline, while a move back above resistance would invalidate the bearish setup.