ETH/BTC 4-hour chart
Key Levels:
Resistance: 0.04078 BTC (visible ceiling price).
Support: 0.03704 BTC (current base price).
2. Trend:
The price has shown a downward trend recently, stabilizing between 0.03704 and 0.03780 BTC.
A lower high pattern indicates weak bullish momentum.
3. Volume:
Volume spikes show occasional interest but are inconsistent, suggesting buyers and sellers remain cautious.
4. RSI (Relative Strength Index):
The RSI is around the 40-50 range, which is neither oversold nor overbought. This signals neutral momentum with no clear bullish dominance.
Bias Toward Ethereum (ETH):
Short-Term Opportunity: ETH/BTC has held its support around 0.03704. If it holds this level and breaks above 0.03800 with volume confirmation, a push toward 0.04000+ is possible.
Risk: A break below 0.03704 can open the door to further downside, toward 0.03500 BTC.
Trade Outlook:
Bullish Case: Look for a breakout above 0.03800 BTC with strong volume to target 0.04078 BTC.
Bearish Case: A close below 0.03704 BTC increases bearish risk.
Given Ethereumโs current positioning, bullish momentum needs confirmation, but ETH looks slightly favorable at this support level for a cautious long entry.
