Signal : short
The ETH/BTC pair continues to trade within a well-established long-term bearish channel, highlighting Ethereum's sustained underperformance relative to Bitcoin over time. Currently, the pair is facing significant resistance around the 0.025 level, which has historically acted as a ceiling within this downtrend. A potential rejection from this zone could trigger a swing lower, with a likely target around 0.0185. Despite Ethereum’s strength in USD terms, Bitcoin has been outperforming on a relative basis, as seen in the broader BTC vs. ETH comparison. This divergence presents a compelling opportunity: going short on the ETH/BTC pair aligns with the prevailing bearish structure and could offer strong risk-reward potential if the resistance holds and the downward momentum continues.
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Trade setup :
Entry - 0.0235
target - 0.0189
stop loss - 0.027
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