Ethereum (ETH) is showing renewed weakness against Bitcoin, with ETH/BTC trading near 0.03167 BTC on September 16.
📉 Analysts are watching a potential double-top pattern on ETH/BTC. A break below 0.03078 BTC could open the way toward the 0.0283 BTC area.
⚠️ Another key factor is rising Ethereum deposits into Binance. Recent reports indicate around 709,400 ETH flowed into Binance, the highest level since June, potentially increasing near-term selling pressure.
At the same time, large ETH holders have reportedly been buying, showing that market sentiment remains divided.
Key levels to watch:
🔹 ETH/BTC: 0.03167 BTC
🔹 Breakdown level: 0.03078 BTC
🔹 Potential target: 0.0283 BTC
📌 Market remains volatile — traders should watch volume, support levels and BTC direction closely. #FedRateWatch #ETH🔥🔥🔥🔥🔥🔥
