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BTCETH trade ideas

#Ethereum Drops 22% from August peaks, Support at 0.066 BTC Past Performance of ETHBTC From the daily chart, ETH buyers have the upper hand and posting gains versus BTC at critical support levels. The bounce of Ethereum prices follows weeks of sharp losses, especially in September when the coin dropped roughly 22 percent, recoiling from September 2022 highs. At spot rates, there are hints of trend resumption. Nonetheless, the leg up will be only after confirmation of this week's gains. #ETHBTC Technical Analysis Traders are confident of what lies ahead for ETH. With fundamentals providing tailwinds, the rejection of lower prices from around the 50 percent Fibonacci retracement level of the June to August trade range is a welcomed development. If prices are trading above 0.066 BTC, traders can accumulate ETH, targeting a retest of September 18 at 0.074 BTC. This is nonetheless subject to whether bulls come through and lift the coin higher. Technically, prices are bound within the bear bar of September 18 through 21. As such, bears are in control in the short term. This preview will hold valid if there are sharp turns below this week's lows, unwinding gains. In that case, ETH may post more losses versus BTC, even contracting to the 61.8 percent Fibonacci line of the June to August trade range at 0.063 BTC. What to Expect from #ETH? Buyers anticipate more gains in the medium term, aligning with the June to August primary trend. However, this is subject to bulls' participation and prices trending above 0.066 BTC with increasing volumes, shaking off bears defined by the September 18 to 21 bear bars. Resistance level to watch out for: 0.074 BTC Support level to watch out for: 0.066BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ETHBTC - Best case scenarioHello all, ETHBTC pair heading for a possible double bottom, where it ends for a 2nd bottom is any ones guess. This is to showcase a good case scenario for a double bottom on the Monthly time frame with a best scenario of long term targets. Traders usually take profits at Fib 2.0 but has room to run till 3.618, the level which is known for absolute exhaustion. Starting from Fib 2.0 we are likely to see a lot of 'Flippening' fomo on the news. All the best! Note: This is not a Financial Advise but just my trade roadmap and for educational purposes only to spot specific repetitive patterns
by bneel20
1
ETH merge hasn't helped it gain any ground against BTC...If you notice in the chart below, I crudely illustrate that ETH was creating higher highs as well as higher lows from Sep 2019 through Dec 2021(an uptrend). I find that interesting because during this time period, there was no ETH merge, in fact, there was very few who even knew what was the intention of the merge. Dec 2021 is when ETH started to experience lower highs and lower lows(a downtrend) when compared to BTC. I also find it interesting that this is the time frame in which everyone started to discuss, research, trade, and otherwise propagate "the merge". This propagation or "run up" to the merge has lasted from Dec 2021 until present day. Now we are currently "post merge" and we still see the same pattern of BTC actually gaining ground on ETH...In fact if anything, it has sped up the gaining of BTC over ETH... It makes me wonder, What did ETH gain from the merge?... Seems like Saylors is right so far
Long
by HalfacreResearchInstitute