$ETH $ETH/BTC continues to trade inside the broader descending channel on the daily timeframe. Price is currently around 0.0294 BTC, sitting near the lower boundary of the structure around 0.0286–0.0290 BTC.
As long as this lower channel support holds, a relief bounce toward 0.032–0.034 BTC remains possible. However, a clean breakdown below 0.0286 BTC would signal continuation lower and confirm vs BTC. #BuyTheDipOrWaitNow? #ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
MARKET UPDATE: $ETH/BTC
$ETH
$ETH/BTC continues to trade inside the broader descending channel on the daily timeframe.
Price is currently around 0.0294 BTC, sitting near the lower boundary of the structure around 0.0286–0.0290 BTC.
As long as this lower channel support holds, a relief bounce toward 0.032–0.034 BTC remains possible.
However, a clean breakdown below 0.0286 BTC would signal continuation lower and confirm vs BTC.
#BuyTheDipOrWaitNow? #ETH