The $ETH / $BTC pair remains locked inside a broader daily downtrend channel. Price recently bounced from the lower boundary of this structure — currently the only short-term bullish signal on the chart.
While the macro structure is still bearish, the reaction from channel support opens the door for a potential mean reversion move if key levels hold.
🔹 0.0295 BTC — Major Pivot
This is the decision zone.
Holding above keeps short-term recovery intact.
Losing it shifts momentum back toward sellers.
🔹 0.0314 BTC — Upside Target
If buyers maintain control above 0.0295, this becomes the next resistance magnet inside the channel.
🔹 0.0285 BTC — Critical Support
A breakdown below 0.0295 exposes this level. It must hold to prevent continuation deeper into the downtrend.
The structure remains bearish until the channel breaks. However, as long as 0.0295 holds, a controlled grind higher remains technically valid