📌 Current Price: 0.03432
24h Change: +0.29%
24h Range: 0.03372 – 0.03460
---
📈 1. Trend Overview
🔸 Overall Trend: Mild Downtrend (but weakening)
The Parabolic SAR (yellow dots) is still above the price, which normally indicates a downtrend.
But price has recently pushed upward and is challenging the SAR dots, showing early signs of a potential trend reversal.
---
📊 2. Key Pattern Observations
🟢 Bullish Signs
1. Price bounced from 0.0319–0.033 area, which has acted as strong support multiple times.
2. Recent strong green candle shows buyers stepping in.
3. Short-term momentum indicators (Today +0.35%, 7 Days +3.97%) show the pair is gaining strength.
🔴 Bearish Signs
1. 30–90 day metrics show weakness, especially:
90 Days: -11.50%
1 Year: -13.96%
2. ETH/BTC has struggled to break out of the descending channel / lower highs.
---
⚠️ 3. Potential Outliers / Unusual Movements
A) Sudden Drop to 0.03090
This sharp wick downward indicates:
A stop-loss hunt
Or a liquidity flush
Or a single large sell order
This is an outlier move, not part of the normal trend.
B) Large Green Volume Spike (recent)
Suggests aggressive buyers, possibly whales or market makers.
When volume spikes while price rises → trend shift signal.
---
🧭 4. Key Levels to Watch
🔥 Resistance
0.03460 (24h high)
0.03590 – 0.03690 (reversal zone + previous structure)
🛡 Support
0.03330 (local support)
0.03190 – 0.03200 (major support, tested multiple times)
---
📌 5. Short Summary
ETH/BTC is in a weak downtrend, but buyers are showing momentum.
The support area is holding very well, showing accumulation.
A break above 0.035 could flip the trend b
$$$BTC ullish.
No major red flags except the long downward wick, which is likely manipulation/stop-hunting.
#ETH/BTC #BinanceBlockchainWeek
