1. Overview: The BNB/ETH pair shows a bullish trend since late December 2024, with a recent correction. Current price is 0.3318 ETH per BNB, up +0.61%.
2. Technical Indicators:
Price is below the 7-week moving average (0.3434), signaling short-term bearishness.
Price is above the 25-week moving average (0.2541), supporting medium-term uptrend.
The 99-week moving average (0.1821) shows strong long-term bullish momentum.
3. Candlestick Analysis: The latest weekly candlestick is a red bar with a long upper wick, indicating selling pressure after a rally and a 14.2% drop from the peak of 0.3867.
4. Volume: Volume surged during the rally but declined during the pullback, indicating profit-taking.
5. Price Performance: The price dropped by 0.72% in 24 hours and 5.01% over 7 days. However, the trend is still bullish with a 55.19% rise over 90 days and 78.39% over the past year.
6. Analyst Insight: The structure remains bullish despite short-term weakness. The break below the 7-week MA suggests potential further downside, with support at 0.30 and stronger support near 0.25.
7. Scenarios: A bounce from 0.32 or a break below 0.30 could define the next move. Testing 0.25 is crucial for a potential rebound.
8. Recommendation: Wait for confirmation, either a bounce from 0.32 or a break below 0.30. In the medium term, buying near 0.25 may be a good strategy, with a long-term bullish outlook.
