Ethereum is showing a strong bullish recovery against Bitcoin, bouncing off the major demand zone around 0.020–0.023 and pushing higher with consistent bullish momentum.
🔍 Key Observations:
Demand Zone: 0.020–0.023 (orange zone)
This area has been a strong base for buyers, triggering the current rally.
Immediate Resistance: 0.0415
A breakout above this level would confirm a major bullish structure shift and could lead to further upside toward 0.0559.
Supply Zone: 0.0559 (blue zone)
Historically a strong resistance area where sellers have stepped in.
📈 Possible Scenarios:
Bullish Continuation – If ETHBTC breaks and holds above 0.0415, price could target 0.0559, offering a potential 30% upside from current levels.
Rejection Scenario – If price fails to break 0.0415, a pullback toward 0.0333 or even 0.0274 could occur before another bullish attempt.
✅ Bias:
Medium-term bullish while price remains above 0.0274, with 0.0415 as the key breakout level to watch.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Manage your risk properly before trading.
🔍 Key Observations:
Demand Zone: 0.020–0.023 (orange zone)
This area has been a strong base for buyers, triggering the current rally.
Immediate Resistance: 0.0415
A breakout above this level would confirm a major bullish structure shift and could lead to further upside toward 0.0559.
Supply Zone: 0.0559 (blue zone)
Historically a strong resistance area where sellers have stepped in.
📈 Possible Scenarios:
Bullish Continuation – If ETHBTC breaks and holds above 0.0415, price could target 0.0559, offering a potential 30% upside from current levels.
Rejection Scenario – If price fails to break 0.0415, a pullback toward 0.0333 or even 0.0274 could occur before another bullish attempt.
✅ Bias:
Medium-term bullish while price remains above 0.0274, with 0.0415 as the key breakout level to watch.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Manage your risk properly before trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.