📉 $ETH / $BTC— Testing Support Zone!
Current Ratio: 0.02342
24h Range: 0.02327 – 0.02395
Ethereum is showing slight weakness against Bitcoin with a -0.97% drop. After hitting intraday support at 0.02327, it’s attempting a modest recovery.
📊 Key Observations:
• MA(7) = 0.02340 — currently acting as dynamic resistance
• MA(25) = 0.02356 — needs reclaiming to flip bias bullish
• MA(99) = 0.02324 — providing soft support
• Volume spikes suggest active short-term interest
🧠 Market Outlook:
ETH/BTC is currently in a short-term bearish structure on the 1H chart, but defending key support levels. Watch for a decisive move above 0.02356 for trend reversal or a breakdown below 0.02327 for further downside.
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