ETHBTC Weekly Series – Tracking the Shift, Week by Week

Oct 18

ETHBTC Weekly – Confluence at the 0.786 Fib

This is ETHBTC on the weekly, now retesting one of the most important Fibonacci levels on the chart: the 0.786 Fib at 0.03470.

This time, price isn’t testing it alone. Just below, we have the 21-week MA and 50-week MA, both providing strong confluence. Last week’s flash crash on October 10th already tagged the 21-week MA, showing how reactive this area is for buyers.

This zone could serve as a structural base for a potential bounce toward higher resistance: such as the 200-week MA, or Fibonacci levels around 0.06–0.07. But for any of that to happen, price must hold here first.

That’s why, starting this week, I’ll be tracking this pair closely and updating this idea regularly, to better understand whether ETH can regain strength against BTC, and what that means for the altcoin market as a whole.

Because as history has shown:
when ETHBTC climbs, altcoins breathe again.
Right now, most alts look bruised after the flash crash, but some, especially those with real-world use cases, still hold long-term promise.

The key is timing.
And timing starts with ETHBTC holding this level.

Bias:
Neutral–bullish, strong confluence support, but confirmation needed through weekly close above 0.0347.

Always take profits and manage risk.
Interaction is welcome.

Oct 30

Trade active

ETHBTC Weekly – Still Holding the 0.786 Fib, Momentum Fades

ETHBTC continues to defend the 0.786 Fibonacci level 0.03470, a zone that has repeatedly acted as structural support since the flash crash on October 10.

So far price is consolidating right above the 21W MA grey and 50W MA cyan, maintaining confluence but losing momentum. Volume has cooled off and MACD is flattening near the zero line, a classic sign of indecision after an aggressive recovery phase.

This setup often acts as a recharging zone rather than a breakdown. As long as price holds above 0.0347 the structure remains intact, but to regain control ETHBTC needs a weekly close above 0.038 to confirm renewed strength.

The bigger picture remains the same, this pair defines the heartbeat of altcoin liquidity. Holding support here would stabilize sentiment across majors, while a breakdown below 0.0347 could deepen the dominance tilt back toward BTC.

Bias neutral to cautiously bullish, support intact, momentum fading, direction pending confirmation.