3majster
Passionate about technical analysis for years, eager to deepen my knowledge. All insights are my personal opinion, not financial advice. 🚀📊
1 Following
32 Followers
36 Liked
2 Shared
Posts
What price do you think we will see first on the $BTC
BTC chart?
BTC chart?
BTC ish 90k?
47%
BTC ish 103k?
53%
785 votes • Voting closed
ETH/BTC Price Action Analysis: Is a Bullish Breakout on the Horizon?
As of February 13, 2025, the $ETH /$BTC trading pair is exhibiting notable technical patterns that may influence its future trajectory.
In November 2024, Ethereum successfully breached a 161-day descending trendline against Bitcoin, signaling a potential shift towards a bullish trend. This breakout indicated a possible reversal of the prior downtrend, suggesting increased strength of ETH relative to BTC.
On the monthly chart, ETH/BTC has formed a symmetrical triangle pattern, characterized by converging support and resistance levels. Currently, the price is approaching the lower boundary of this formation, which often precedes significant price movements. Key resistance levels to monitor include 0.0540, 0.0859, and 0.1202 BTC.
Momentum indicators provide additional insights. The Relative Strength Index (RSI) on the monthly timeframe is nearing oversold territory, suggesting diminishing selling pressure and a potential opportunity for buyers to re-enter the market. Similarly, the Chaikin Money Flow (CMF) indicator is trending towards positive values, indicating growing buying interest.
In summary, the ETH/BTC pair is at a critical juncture. A decisive move above the identified resistance levels could confirm a bullish reversal, while failure to hold current support may lead to further consolidation or a downturn. Traders should closely monitor these key levels and indicators to inform their strategies.
In November 2024, Ethereum successfully breached a 161-day descending trendline against Bitcoin, signaling a potential shift towards a bullish trend. This breakout indicated a possible reversal of the prior downtrend, suggesting increased strength of ETH relative to BTC.
On the monthly chart, ETH/BTC has formed a symmetrical triangle pattern, characterized by converging support and resistance levels. Currently, the price is approaching the lower boundary of this formation, which often precedes significant price movements. Key resistance levels to monitor include 0.0540, 0.0859, and 0.1202 BTC.
Momentum indicators provide additional insights. The Relative Strength Index (RSI) on the monthly timeframe is nearing oversold territory, suggesting diminishing selling pressure and a potential opportunity for buyers to re-enter the market. Similarly, the Chaikin Money Flow (CMF) indicator is trending towards positive values, indicating growing buying interest.
In summary, the ETH/BTC pair is at a critical juncture. A decisive move above the identified resistance levels could confirm a bullish reversal, while failure to hold current support may lead to further consolidation or a downturn. Traders should closely monitor these key levels and indicators to inform their strategies.
Recent price action analysis indicates that #ETH is testing a significant resistance zone between $2,600 and $2,700. A successful breakout above this range could signal a mid-term bullish trend, potentially propelling the price toward the next critical resistance at $2,800. Conversely, failure to surpass this resistance may lead to a bearish consolidation, with the price possibly retracing to the $2,300 support level. #ETH🔥🔥🔥🔥🔥🔥
On-chain metrics, such as the Taker Buy-Sell Ratio, indicate increased buying activity in the futures market, suggesting optimism among traders regarding ETH's short-term prospects. A ratio above 1 reflects buyer dominance, often associated with the onset of a #BullishMomentum .
On-chain metrics, such as the Taker Buy-Sell Ratio, indicate increased buying activity in the futures market, suggesting optimism among traders regarding ETH's short-term prospects. A ratio above 1 reflects buyer dominance, often associated with the onset of a #BullishMomentum .
In 2024, #LINK🔥🔥🔥 experienced a 53% decline, closing the year around $22. Analysts are optimistic about 2025, with forecasts suggesting significant growth. CoinCodex predicts LINK could reach $45 in January, $62 in February, and $85 by May. These projections are supported by strategic partnerships, such as the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) with Shiba Inu's Shibarium network, enhancing LINK's adoption and value.
While some experts anticipate LINK reaching $2,000 by 2028 due to institutional adoption, such long-term forecasts are speculative. Investors should exercise caution and conduct thorough research before making investment decisions.
While some experts anticipate LINK reaching $2,000 by 2028 due to institutional adoption, such long-term forecasts are speculative. Investors should exercise caution and conduct thorough research before making investment decisions.
Current Market Situation:
#Dogecoin is trading at $0.259348, up 0.03412% from the previous close. The intraday high is $0.260789, while the low is $0.248709.
Technical Analysis:
The RSI is at 45, indicating neutral territory with no clear overbought or oversold signals.The MACD shows a slight bullish bias, with the histogram above zero, suggesting a continuation of a moderate uptrend.Trading volume remains stable, with no significant spikes, implying a lack of strong investor movement in either direction.
Conclusion:
Current technical indicators suggest DOGE is in a consolidation phase with no strong upward or downward trend. Investors should watch key support and resistance levels and monitor trading volume for potential price movements.
#Dogecoin is trading at $0.259348, up 0.03412% from the previous close. The intraday high is $0.260789, while the low is $0.248709.
Technical Analysis:
The RSI is at 45, indicating neutral territory with no clear overbought or oversold signals.The MACD shows a slight bullish bias, with the histogram above zero, suggesting a continuation of a moderate uptrend.Trading volume remains stable, with no significant spikes, implying a lack of strong investor movement in either direction.
Conclusion:
Current technical indicators suggest DOGE is in a consolidation phase with no strong upward or downward trend. Investors should watch key support and resistance levels and monitor trading volume for potential price movements.
Current Market Situation:
#xrp is in a downtrend since January 16, 2025, currently trading at $2.44. The RSI is at 36, approaching oversold territory, indicating a potential rebound. The MACD histogram shows weakening bearish momentum, suggesting a possible trend reversal. Key resistance levels are at $2.79–$2.83, while support is at $2.15.
Analysts' Forecasts:
Some analysts predict a significant price increase, with targets ranging from $5.85 to as high as $27 in the #short term. Others suggest long-term growth potential up to $99 based on #Fibonacci ci extensions and Elliott Wave analysis.
Conclusion:
Current technical indicators suggest XRP might reverse its downtrend if key resistance levels are broken. Investors should watch for market signals while being cautious of volatility.
#xrp is in a downtrend since January 16, 2025, currently trading at $2.44. The RSI is at 36, approaching oversold territory, indicating a potential rebound. The MACD histogram shows weakening bearish momentum, suggesting a possible trend reversal. Key resistance levels are at $2.79–$2.83, while support is at $2.15.
Analysts' Forecasts:
Some analysts predict a significant price increase, with targets ranging from $5.85 to as high as $27 in the #short term. Others suggest long-term growth potential up to $99 based on #Fibonacci ci extensions and Elliott Wave analysis.
Conclusion:
Current technical indicators suggest XRP might reverse its downtrend if key resistance levels are broken. Investors should watch for market signals while being cautious of volatility.
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
SaylorBTCPurchase
76.7M views
106,844 Discussing
TrumpBTCTreasury
1.4M views
17,476 Discussing
MarketRebound
115.8M views
152,088 Discussing
