TRENDING:

XAU/USD

Silver

ETH/BTC analysis: The future is decided in the backrooms 02/07/2019

ETH/BTC faces an impossible tangle of lines.
A breach of 0.0318 BTC/ETH would result in a bullish explosion.

Tomas Salles FXStreet

The ETH/BTC pair should have a special place in the analysis monitors of any trader or investor in cryptocurrencies. If you want to know where the crypto market is headed, this pair is the most useful tool out there.

What information does the ETH/BTC provide? This pair indicates when the market gives more priority to profitability and when it prefers security. The typical "Risk On/Risk Off" but in the cryptocurrencies sector.

ETH/BTC 240 Minute Chart

In this chart, I have added the lines of support and resistance by congestion of the price to those previously drawn, that are the bullish parallel lines that lead the movement of the price from early December.

Joining both structures, we clearly see how the ETH/BTC pair is moving between both structures and how both are helping to define the price path.

The ETH/BTC pair needs to break above the 0.0318 BTC/ETH price level to enter bullish mode again. On the downside, the price level of 0.030 BTC/ETH would not indicate a worsening of the sector and the search for relative safety in the Bitcoin.

The MACD at 240 Minutes shows us how the last bullish cross confirms a divergence from the minimum price reached.

The DMI at 240 Minutes shows us how the bulls have taken the leadership in the last hours, but without the necessary intensity to start the market, at least for now.

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

Tomas Salles

FXStreet

Tomàs Sallés was born in Barcelona in 1972, he is a certified technical analyst after having completing specialized courses in Spain and Switzerland.

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.

Solana Price Forecast: SOL slips below $82 as hawkish Fed tone sparks risk-off sentiment

Solana is trading below $82 at the time of writing on Thursday after failing to break out of the upper consolidation range over the weekend. The Minutes from the Federal Open Market Committee on Wednesday kept interest rates unchanged, but a less dovish tone that followed dampened risk appetite and pressured risky assets.

Warren warns crypto bailout would enrich Trump family biz: Report

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell, urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars.

Top Crypto Gainers: World Liberty Financial, Sky, and Cosmos confront major resistance

World Liberty Financial, Sky, and Cosmos rank among the top gainers over the last 24 hours but face critical overhead resistance levels. WLFI gained momentum at the World Liberty Forum, an invite-only conference held at Mar-a-Lago by US President Donald Trump’s family, while SKY and ATOM reversed off a crucial support level.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.