ETH/BTC bottom is in. Time for Altseason!I believe that we are about to finally see Ethereum pump above $3,000 to allow the 5 Billion $ FTX refunds to flow into the market. The MMs are likely to cause a breakout on ETH above $3,000 to give retail confidence in deploying their FTX refunds.
We have a HTF falling wedge that is technically a
ETH/BTC : Ready to Lead the Altcoin Season?Hey Traders!
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver!
Ethereum just broke out of a multi-week symmetrical triangle against Bitcoin — a classic continuation pattern! After consolidating for over a month, this breakou
ETH/BTC Chart Analysis (4H)✅ Overall Structure:
Trend: Long-term downtrend (price inside descending channel).
Current Price Action: Attempting to break out of the downtrend channel.
📍 Key Zones:
Important Resistance (0.02550 – 0.02600):
Major zone acting as rejection multiple times.
Marked on chart with: "Important resist
Ethereum Breaks Out!✋ On its fifth attempt, ETH finally breaks above the 200-day moving average (200SMA) — along with the upper boundary of a Bullish Pennant. 🚩
🔑 This is a key technical signal that could mark the beginning of a new upward move. 📈
In the /BTC pair, the picture is just as bullish: ETH breaks out of a s
Alt season ?Ethereum has been underperforming Bitcoin since 2022.
However, in the short term, ETH is starting to show some relative strength.
If ETH/BTC can break above the 0.026 level, we could potentially see momentum shift towards altcoins.
Current Outlook:
* Short-term: Bullish
* Mid-to-long term: Neutral
Ethereum Vs Bitcoin —Bare Minimum, 222.22% Profits Bullish WaveEthereum's current move vs Bitcoin —ETHBTC— is over-extended:
1) The drop has gone way beyond the 0.786 Fib. retracement level, almost reaching 1 (which means a 100% correction).
2) Trading volume is non-existent. Which means that this move is not supported by real people.
3) The RSI is oversold.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.