ETH/BTC – 8H – BUY

The ETH/BTC 8H chart has fired a cluster of bullish signals, including a Trendline Break Down, Rising Wedge, BOP Zero Cross Up, STOCH KD Cross Up, WILLR OS Exit, BBANDS LOWER Retreat Up, KAMA Retreat Up, and MAMA Cross Down. These signals collectively indicate a potential short-term bounce or reversal from oversold conditions, with the price likely attempting to reclaim lost ground. However, the overall trend across most timeframes (1H to 12H) is bearish and trend forming, suggesting that the bullish signals may be counter-trend in nature. The 1D timeframe is bullish with a solid trend, providing a longer-term supportive backdrop.

Key levels to watch are the nearest resistance at 0.03020 and support at 0.02905. A break above resistance could signal stronger bullish momentum, while a loss of support would invalidate the bullish case. Given the weak strength and mixed trend alignment, traders should approach with caution, looking for confirmation on higher timeframes before committing.