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ETH & BTC Setup Alert: Inverse Head & Shoulders Pattern Forming
Looking at the ETH/BTC ratio chart, Ethereum is positioning for a significant upside move. The technical setup is compelling—an inverse head & shoulders pattern combined with a series of higher lows established since early November creates a textbook reversal signal.
What's the play? Here's where ETH might be headed:
50% Retracement Level: $5,766 per ETH ✅
61.8% Fibonacci Extension: Following higher
The pattern suggests ETH could break through resistance as Bitcoin stabilizes. The consistency of higher lows over the past weeks reinforces the bullish bias on this ratio pair. This isn't just noise—the technical structure is aligning for a sustained recovery against BTC.
Keep an eye on volume confirmation as ETH approaches these levels. Classic setup, clear targets.