The 
ETHBTC pair remains in a long-term uptrend on the #1W chart, despite the recent retracement.
Key Levels to Watch:
Support Zone:
🟢 0.033–0.037: Strong support backed by high volumes on previous tests. This area has consistently shown resilience.
Resistance Zone:
🔴 0.0397: A critical level. A breakout and weekly close above this will signal further upside potential.
Growth Perspective:
Holding the weekly trend and successfully testing key levels suggests "bottoming out".
Long-term growth is supported byETH’s fundamental strength and the preservation of its bullish structure.
Fractals point to the potential for significant upward movement, provided no new lows are formed.
Entry Points:
1️⃣ Aggressive Entry: Long within the $0.033–$0.037 zone (on confirmed support).
2️⃣ Conservative Entry: Wait for a weekly close above 0.0397 for added confirmation.
Take-Profit Targets (TP):
TP1: 0.049 — Immediate target on breakout.
TP2: 0.055 — Upper boundary of the nearest range.
TP3: 0.082 — Major resistance en route to highs.
TP4: 0.095 — Long-term target.
Invalidation Level:
❌ A weekly close below 0.033 negates the current bullish scenario and increases the likelihood of further downside.
ETHBTC pair remains in a long-term uptrend on the #1W chart, despite the recent retracement.Key Levels to Watch:
Support Zone:
🟢 0.033–0.037: Strong support backed by high volumes on previous tests. This area has consistently shown resilience.
Resistance Zone:
🔴 0.0397: A critical level. A breakout and weekly close above this will signal further upside potential.
Growth Perspective:
Holding the weekly trend and successfully testing key levels suggests "bottoming out".
Long-term growth is supported by
ETH’s fundamental strength and the preservation of its bullish structure.Fractals point to the potential for significant upward movement, provided no new lows are formed.
Entry Points:
1️⃣ Aggressive Entry: Long within the $0.033–$0.037 zone (on confirmed support).
2️⃣ Conservative Entry: Wait for a weekly close above 0.0397 for added confirmation.
Take-Profit Targets (TP):
TP1: 0.049 — Immediate target on breakout.
TP2: 0.055 — Upper boundary of the nearest range.
TP3: 0.082 — Major resistance en route to highs.
TP4: 0.095 — Long-term target.
Invalidation Level:
❌ A weekly close below 0.033 negates the current bullish scenario and increases the likelihood of further downside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.