Usman Salis
⬤ ETH/BTC has pulled back to retest a key trendline after breaking above a multiyear downtrend, signaling a potential shift in long-term direction. The pair spent years moving lower before recently breaking through its bearish structure and is now testing that same trendline from above.
⬤ The chart shows Ethereum regaining strength against Bitcoin, with the breakout pushing ETH/BTC beyond a resistance line that rejected it multiple times in previous cycles. This pullback places it directly on that trendline, forming an important technical retest. A hold at this level would suggest a clean bullish reversal if Ethereum continues strengthening.
⬤ The long-term structure highlights this moment's importance. The persistent series of lower highs that dominated the downtrend has been interrupted by recent strong candles, suggesting a momentum change. Successfully holding the retest could confirm a transition from declining structure toward forming higher lows and establishing renewed upward momentum.
⬤ This matters because ETH/BTC is often regarded as a key indicator of relative market strength in crypto. A confirmed reversal could influence capital rotation, shift sentiment across major altcoins, and support renewed momentum in Ethereum's broader market position. A strong reaction from this level would reinforce the early stages of long-term structural recovery.
Usman Salis
