8legs: Excavo

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ETH/BTC: Expecting Another -17% for BINANCE:ETHBTC by EXCAVO

EXCAVO maintains a bearish ETH/BTC view, targeting the 0.0230–0.0250 zone as the primary downside area.
EXCAVO describes ETH/BTC as cyclical and notes previous squeezes often fail to establish lasting rallies.
The analyst notes that BTC's recent rally was driven by shorts covering rather than organic buying.
The piece states ETH/USD outlook remains bearish with lower limit expectations beyond recent lows.
EXCAVO says a real reversal would require weekly reversal candle and two weeks of positive funding.
The author clarifies they are not long ETH/BTC and would only enter on the target zone test.
The piece emphasizes a cyclical BTC-ETH dynamic rather than a broad alt-season shift.
EXCAVO frames the market as influenced by liquidity targets and order blocks below current prices.
The analysis highlights multiple support zones to watch on the way down for ETH/BTC.
The report notes the BTC rally was a short squeeze with negative funding and increasing liquidations.
EXCAVO's outlook remains cautious, urging patience until clear confirmations appear.

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