$ETH /USDT.
๐ต Ethereum/Bitcoin (ETH/BTC) Weekly Overview โ 1W Chart BITSTAMP
๐ Current Snapshot
Price: 0.02323618 BTC
Weekly Change: -0.80%
Open: 0.02344357
High: 0.02454800
Low: 0.02285537
Volume: 5.06K
Exchange: Bitstamp
๐ง Technical Analysis (1W Timeframe)
MetricObservationInterpretationStructureLower highs, flat-to-lower lowsDowntrend pressure remainsSupport Zone0.0228 โ 0.0225 BTCKey support being testedResistance Zone0.0245 โ 0.025 BTCOverhead rejection zoneMacro LevelTrading under 0.030 level (major pivot)Bears still dominant
๐ Key Levels to Watch
Immediate Resistance: 0.0245 BTC
Support to Hold: 0.0225 BTC
Breakdown Risk Below: 0.0220 BTC โ may target 0.0200
Breakout Above: 0.0255 BTC โ could flip trend bias short-term
๐ Sentiment & Market Context
ETH/BTC is trending sideways-to-down within a tightening long-term wedge.
ETH underperformance vs BTC continues โ common in BTC-led rallies.
Weekly close below 0.0228 may lead to further dominance shift toward BTC.
๐ Strategic Considerations
๐ข Bullish Reclaim
Long if: Price closes weekly above 0.0248
Target: 0.0265 โ 0.0280
Invalidation: Below 0.0220
๐ด Bearish Breakdown
Short bias if: Weekly close below 0.0225
Target: 0.0200
Invalidation: Reclaim of 0.0245
๐งญ Summary
ETH/BTC is at a critical multi-month support zone.
The chart suggests caution for ETH maximalists unless we reclaim 0.025+.
For ETH to regain market strength, it must outperform BTC in the coming weeks โ watch dominance metrics closely.
Would you like a visual chart with plotted levels and projected zones?
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