🚨 #ETH/#BTC at a Critical Breakdown – What’s Next? 🚨

The #ETH/BTC ratio has broken below key support, reaching levels not seen since 2021. This breakdown could signal further downside unless buyers step in aggressively. Let’s analyze the key levels and what they mean for the market:

🔎 Key Levels to Watch:

✅ Resistance Zones:
    •    0.04055 – Former support, now a crucial level to reclaim for bullish momentum.
    •    0.05200 - 0.06219 – Major supply zones from previous breakdowns; reclaiming these would indicate a potential trend reversal.

❌ Support Zones:
    •    0.02860 - 0.02859 – Current bid levels; holding this could trigger a relief bounce.
    •    0.02034 – Next major support; losing this could accelerate downside momentum.
    •    0.01614 – Historical low; last defense before extreme bearish continuation.

🔥 Key Observations:
    •    The macro downtrend remains intact with lower highs and lower lows.
    •    A break back above 0.04055 could signal bullish recovery.
    •    Failure to hold 0.02860 might lead to an extended capitulation event.

🧐 Final Thoughts:

ETH/BTC is at a make-or-break moment. Will we see a strong reversal, or is this just the beginning of Ethereum’s underperformance against Bitcoin?

Drop your thoughts below! 👇 #ETHBTC #Crypto #Bitcoin #Ethereum
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