- Ethereum/Bitcoin trades at 0.02617, holding support and pushing into the 0.02680 resistance for the fourth time.
- ETHBTC forms a rounded base above 0.02243 with strong volume and stable structure, building pressure toward 0.03400.
- Ethereum holds trend strength with higher lows while reclaiming ground lost earlier this year against Bitcoin.
Ethereum/Bitcoin has reached 0.02617 after rising 4.01 percent in the latest daily session. The pair is now trading just below a critical resistance zone that has capped upside moves for several weeks.
Ethereum holds higher lows while pressing into the 0.02680 resistance for another test. Price trades above the 100-day moving average, keeping momentum strong and structure intact.
Rounded Bottom Holds Above 100-Day Average
Ethereum has formed a rounded base pattern with support near 0.02180 and 0.02250 since late May. The setup developed above the 100-day moving average at 0.02243 and held through two clean retests. Each rejection led to stronger recoveries, showing control remains with buyers.
Source: (X)
Ethereum/Bitcoin bounced from the 0.01960 low in May and moved past 0.02515 with strong upward pressure. Price has reached the 0.02680 resistance three times since June, gaining momentum with every retest. This horizontal level now stands as the final barrier before a potential breakout move.
If Ethereum clears the 0.02680 mark on a daily close, the structure supports a breakout target near 0.03400. The move would complete the rounded base and shift dominance toward Ethereum through August.
Price Action Builds Toward Measured Breakout
Ethereum now trades above both the neckline and the 100-day average, showing firm control of the current trend. Price action is tightening near resistance, with structure pointing toward breakout pressure. Volume has increased steadily with each approach, confirming stronger buying interest.
The current daily candle shows fresh intent as the pair retests resistance with conviction. This setup mirrors past breakout phases that followed extended accumulation ranges. Ethereum has reclaimed lost ground while maintaining clean technical levels.
The dominance chart favors Ethereum as long as it holds above the 0.02600 zone. If momentum continues , the price could move rapidly once the resistance breaks. The market structure remains aligned with a move toward 0.03400 if buyers hold control.
Ethereum’s current positioning reflects renewed strength while Bitcoin lags in this pair. Holding above both trend anchors has shifted short-term sentiment in Ethereum’s favor. If the breakout confirms, this level could serve as the launchpad for the next leg up.
