ETH/BTC 4H – Testing Rising Trendline After Choppy RallyEthereum / BitcoinBINANCE:ETHBTCBKVIPEthereum against Bitcoin is trading around 0.03195 on the 4H timeframe, sitting almost exactly on the ascending trendline that has supported this ratio since the mid August low near 0.02900. The structure here has been a steady grind higher, with the ratio spiking sharply off that trendline origin in mid August before settling into a wide, choppy range between roughly 0.0310 and 0.0330 for the following weeks. Within that range, price has carved out two distinct spikes toward 0.0330, both of which were sold into fairly quickly, while pullbacks have consistently found support along the rising trendline rather than breaking down. This pattern of higher lows against a well defined ceiling has kept the ratio range bound even as the trendline itself has continued climbing underneath. Price is currently pressing right into the trendline after rolling over from the most recent high near 0.0329, making this the latest in a series of tests that have so far continued to hold. Key Levels To Watch: → 0.0330 Range high, repeated rejection zone → 0.0326 Prior swing high, resistance on a bounce → 0.0320 Mid range level, near term resistance → 0.0319 Current price, testing trendline support → 0.0310 Range low, prior consolidation support → 0.0290 Trendline origin, mid August low Holding the trendline here keeps ETH's relative structure against BTC intact, and a reclaim of 0.0320 would set up another attempt at the 0.0330 range highs, with a clean break above finally resolving this range to the upside. Losing the trendline would be the first real breakdown of this structure since mid August, opening the door to a deeper retracement back toward the 0.0310 range low and putting the broader outperformance trend into question. Hold the trendline and ETH continues consolidating for another leg higher against BTC. Lose it and this range breaks down. Bias stays neutral to cautiously bullish given the trendline is still holding, but this test is the level that determines whether the ratio breaks its range in either direction.