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$ETH / $BTC has broken out of its multi-month descending trendline and is now searching for a support zone to bounce from — a key signal that momentum may soon shift from BTC toward ETH.
If we get a clean bounce here, ETH could target 0.05 next, potentially kicking off a mini alt-season heading into early 2026. 📈✨
This outlook also aligns with Total Crypto Market Cap, which recently bounced off major trendline support.
Short-term pullback; higher-timeframe structure intact. 📊 Momentum Check RSI ~42 → below neutral (bearish tilt but not oversold) MACD < 0 → bearish pressure still active Volatility easing off → digestion phase Momentum is cooling, not collapsing.
📈 Structure & Key Levels
Support
$88.5k — first reaction support
$86k — deeper liquidity zone
$83–84k — stronger demand pocket
Resistance
$91k — short-term reclaim
$94k — momentum unlock
$97–100k — breakout acceleration
Market needs to stabilize above $91k to reset bullish momentum.
📉 Volatility & Flow
Post-rally compression — natural digestion
No blow-off top signals
Volume not capitulation-level — controlled selling
This looks corrective, not a trend reversal.
🪙 Derivatives
This is where the signal diverges from spot:
Long/Short ratios 1.5–2.5x bullish
Options skew strongly bullish into year-end
No liquidation cascade — market is not overleveraged
Derivatives positioning shows confidence, not panic.
🧩 Edgen Outlook
BTC is in a short-term pullback inside a higher-timeframe trend. Spot looks cautious; derivatives look confident. The market is digesting gains, not exiting.