ETH & BTC Setup Alert: Inverse Head & Shoulders Pattern Forming
Looking at the ETH/BTC ratio chart, Ethereum is positioning for a significant upside move. The technical setup is compelling—an inverse head & shoulders pattern combined with a series of higher lows established since early November creates a textbook reversal signal.
What's the play? Here's where ETH might be headed:
50% Retracement Level: $5,766 per ETH ✅ 61.8% Fibonacci Extension: Following higher
The pattern suggests ETH could break through resistance as Bitcoin stabilizes. The consistency of higher lows over the past weeks reinforces the bullish bias on this ratio pair. This isn't just noise—the technical structure is aligning for a sustained recovery against BTC.
Keep an eye on volume confirmation as ETH approaches these levels. Classic setup, clear targets.
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ForumMiningMaster
· 5h ago
Laozi is optimistic about ETH's rebound this time. The inverse head and shoulders pattern is reliable, but I'm just worried that BTC might come in and disrupt the situation again.
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FomoAnxiety
· 5h ago
Hmm... another inverse H&S. Why do I feel like this pattern has been everywhere in the charts lately? Is it really happening or just wishful thinking?
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GasFeeCrier
· 5h ago
Can ETH break 5766? Feels like the pressure is quite strong this time... It would be great if it can break through the BTC resistance.
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0xSherlock
· 5h ago
To be honest, this head and shoulders pattern does look a bit promising, but I'm just worried it might be another case of perfection on paper...
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MultiSigFailMaster
· 5h ago
ETH needs to turn things around; is this textbook head and shoulders bottom pattern also appearing? Feels like this wave could push higher.
ETH & BTC Setup Alert: Inverse Head & Shoulders Pattern Forming
Looking at the ETH/BTC ratio chart, Ethereum is positioning for a significant upside move. The technical setup is compelling—an inverse head & shoulders pattern combined with a series of higher lows established since early November creates a textbook reversal signal.
What's the play? Here's where ETH might be headed:
50% Retracement Level: $5,766 per ETH ✅
61.8% Fibonacci Extension: Following higher
The pattern suggests ETH could break through resistance as Bitcoin stabilizes. The consistency of higher lows over the past weeks reinforces the bullish bias on this ratio pair. This isn't just noise—the technical structure is aligning for a sustained recovery against BTC.
Keep an eye on volume confirmation as ETH approaches these levels. Classic setup, clear targets.