ETH/BTC – 30M – SELL

The 30-minute chart for ETH/BTC has fired a dense cluster of bearish signals, including a Trendline Break Up, Double Bottom, Triple Bottom, BOP Zero Cross Down, CCI Zero Cross Down, MACD Signal Cross Down, MOM Zero Cross Down, and ROC Zero Cross Down, among others. While the chart patterns suggest a potential reversal from a bottom, the momentum and volatility indicators are all turning down, indicating that the immediate upward push may be losing steam. The confluence of these signals points to a short-term pullback or consolidation, with the nearest resistance at 0.03132 and support at 0.03079 acting as key levels to watch.

However, the broader trend across higher timeframes remains predominantly bullish, with the 1-hour and 30-minute timeframes showing strong to extremely strong bullish trends (4/5 and 5/5, respectively). The 15-minute trend is bearish, but the overall picture is mixed. The bearish signals on the 30-minute chart are likely a counter-trend move within a larger bullish structure. Traders should watch whether the price can hold above the nearest support at 0.03079; a break below that level could signal a deeper correction, while a bounce from support would confirm the bullish bias on higher timeframes.