ETH/BTC – 1H – SELL

The 1H chart for ETH/BTC has fired a dense cluster of bearish signals, led by a Trendline Retreat Down and Trendline Break Down, which together confirm a breakdown of the prior ascending structure. This is reinforced by momentum and volatility indicators: CCI exiting overbought territory, a STOCH KD cross down, and a retreat from the upper Bollinger Band. The BOP Zero Cross Down signals deteriorating buying pressure, while the HT PHASOR Inphase Cross Down adds a cyclical bearish tilt. The Fibonacci Break UpTrend (24%) indicates price has broken below the 24% retracement level of the recent upswing, opening the door to deeper pullbacks. The confluence of these signals on the 1H timeframe suggests a short-term bearish reversal is in play, with the nearest support at 0.03115 as the immediate downside target.

However, the broader trend context is mixed. While the 1H and 2H timeframes are bearish, the 8H, 12H, and 1D timeframes remain in solid bullish trends, and the 4H is still bullish. This creates a conflict between the short-term bearish momentum and the longer-term uptrend. The 15M and 30M are also bullish, though weakly formed. This suggests the current selloff may be a correction within a larger uptrend rather than a full reversal. Key levels to watch: the nearest resistance at 0.03155, which now acts as a pivot; a sustained break below support at 0.03115 would confirm further downside, while a reclaim of resistance could invalidate the bearish setup. Traders should monitor these levels for confirmation.