ETH/BTC Flips Macro Structure: Is a Major Ethereum Rally Next?
- ETH/BTC broke a multi-month downtrend, signaling a potential shift toward bullish market structure.
- Holding 0.0270 to 0.0260 could confirm a higher low and support further upside.
- Bullish targets include 0.040, 0.0500, and 0.060 to 0.070 if momentum continues.
ETH/BTC just delivered a signal that could change Ethereum's market outlook. The pair broke above a multi-month downtrend. Buyers also pushed price above the previous lower high. That move suggests Ethereum may finally regain strength against Bitcoin. Still, one key test remains before bulls can celebrate. ETH/BTC must hold the upcoming retest zone. A successful retest could open the door toward higher relative-strength targets soon. The next few sessions could determine whether this breakout develops into a sustained reversal.
ETH/BTC Breakout Puts Bulls Back in Control
ETH/BTC broke above the 0.03205 level after months of persistent weakness. The move pushed price beyond a key structural barrier. Buyers also created a higher high on the broader chart. That development marks a notable change from the previous bearish pattern. Sellers had controlled the trend through repeated lower highs and lower lows. The latest breakout suggests buyers have started challenging that dominance.
โฆ Continue reading the full article at the original source below.
