@kranthi
1. Chart Overview
Pair: ETH/BTC (Ethereum vs Bitcoin)
Indicators: MACD (Moving Average Convergence Divergence) with histogram and signal lines.
2. Price Action
The price had a major peak around 0.16 BTC per ETH, followed by a sharp decline.
After the peak, the trend shows a series of lower highs and lower lows, indicating a long-term downtrend.
Recently, the price seems to have stabilized and is slightly recovering from the recent low near 0.05 BTC.
3. Key Observations
Current Trend: ETH/BTC is in a recovery phase after a long downtrend.
MACD Signal: A bullish crossover is likely soon, which historically led to strong rallies.
Support Zone: Around 0.05 BTC (recent low).
Resistance Zone: Around 0.08 BTC (previous consolidation area).
4. Possible Scenarios
Bullish Case: If MACD confirms crossover and price breaks above 0.08 BTC, ETH could outperform BTC in the coming months.
Bearish Case: fails and price drops below 0.05 BTC, the downtrend may continue.
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