The $ETH pair recently faced a strong rejection near the 0.03120 level, followed by a clear breakdown in structure. After forming lower highs, price lost key support around 0.0310 and dropped sharply to the 0.03079 zone.

📊 What caused the drop?

• Rejection from resistance (0.0312 area)

• Breakdown below key intraday support

• High selling volume indicating strong bearish pressure

• BTC showing relative strength over ETH

🔍 What’s next?

🟢 Bullish Scenario:

If ETH/BTC holds above 0.0307 and reclaims 0.0310, we could see a recovery toward 0.0312 levels.

🔴 Bearish Scenario:

A confirmed break below 0.0307 may push price toward 0.0304 or lower.

⚠️ Current Trend:

The market is showing a weak bounce, but no confirmed reversal yet. Traders should watch volume and key levels closely before making decisions.

#ETH #BTC #cryptotrading #Binance #TechnicalAnalysis