- Ethereum failed to reclaim the 0.03250 BTC resistance
- Analysts watch 0.0245 BTC to 0.0265 BTC support closely
- ETH/BTC momentum remains weak below moving averages
Ethereum is showing renewed weakness against Bitcoin after failing to reclaim a major resistance zone on higher time frames. The ETH/BTC pair traded near 0.02807 BTC, down 2.67% on the one-hour chart, according to TradingView data shared by analyst Michaël van de Poppe.
Ethereum Fails to Reclaim Key Bitcoin Resistance Levels
Ethereum recently attempted to break above the 21-week moving average and the important 0.03250 BTC resistance area. That move failed, leading to another rejection against Bitcoin. The chart also showed ETH/BTC slipping back below the 21-period moving average, weakening short-term momentum further.
According to van de Poppe, the pair still lacks a convincing entry setup. He noted that patience remains important while Ethereum searches for stronger higher-timeframe support. Analysts now focus on the 0.0245 BTC to 0.0265 BTC range as the next area where buyers could step in.
The failed breakout has also reinforced broader concerns around Ethereum underperforming Bitcoin in recent weeks. While Bitcoin continues holding relative strength, Ethereum remains stuck below several technical barriers.
Ethereum Support Zone Could Decide the Next ETH BTC Move
The current Ethereum structure suggests that support levels will likely determine the next major trend direction. If ETH/BTC stabilizes between 0.0245 BTC and 0.0265 BTC, traders may begin scaling into new positions. However, another breakdown could increase bearish pressure across the pair.
Market participants continue monitoring whether Ethereum can build momentum near support instead of extending its downtrend. Short-term traders are also watching for reclaim attempts above the moving averages before shifting bullish again.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
