- ETH/BTC flipped chart forms Adam and Eve bottom structure
- The target projection stands at 0.0019 BTC per ETH
- Pattern confirmation pending breakout above neckline resistance
The Ethereum to Bitcoin (ETH/BTC) trading pair has drawn attention as market watchers observe signs of a possible reversal. While many have been monitoring for a rebound in Ethereum against Bitcoin, a flipped chart pattern has introduced a different technical structure. The ETH/BTC pair now appears to be forming what analysts refer to as an Adam and Eve bottom pattern.
Flipped Chart Reveals New Technical Structure
Ali Chart observation notes a potential Adam and Eve bottom formation has emerged. This chart pattern is recognized by a sharp initial drop followed by a rounded bottom, indicating a double-structured base. The Adam component reflects the sharp, narrow dip, while the Eve portion forms a broader, more rounded recovery curve.
If this pattern is confirmed, the measured move points toward a target level of 0.0019 BTC per ETH. This figure represents a potential technical objective based on the depth and structure of the formation. It also provides a reference point for traders monitoring Ethereum’s relative strength against Bitcoin.
Current Pair Trading Below Previous Resistance Levels
As of now, the ETH/BTC pair continues to trade below several historical resistance levels. However, the pattern’s development has maintained structural consistency with previously identified Adam and Eve configurations. The base formation has remained intact on lower time frames, aligning with the technical layout that defines this setup.
Although the setup is visible on the chart, the final breakout above neckline resistance remains unconfirmed. Until the neckline is broken with sufficient volume, the pattern cannot be validated. Market observers continue to monitor closely for a clean breakout above the neckline to confirm the target projection.
This pattern emerges during a period of uncertainty in the broader crypto market. The ETH/BTC ratio remains a key indicator of altcoin strength versus Bitcoin. Confirmation of the pattern could provide insights into potential near-term direction between the two major digital assets.
