Analysis for ETH/BTC Pair:

Support Zone:

The price is currently hovering near a significant historical support zone between 0.030 and 0.032.
This zone has previously acted as a major accumulation area, leading to upward moves in the past.
Potential Scenarios:

Bullish Case:
If the support zone holds and buying momentum increases, the price could begin to rebound.
The first target for an upward move is around the 0.048 level, aligning with a previous resistance zone and a key Fibonacci retracement area.
Beyond that, 0.075 could serve as the next major resistance if the bullish momentum persists.
Bearish Case:
If the support zone fails, a downward continuation could push the price toward 0.019.
This level aligns with historical lows and could act as the next significant support.
Market Structure:

The pair appears to be in a long-term downtrend, but the current consolidation within the support zone suggests a potential reversal or continuation decision point.
Key Levels to Watch:

Support: 0.030–0.032
Resistance: 0.048 (short-term), 0.075 (long-term)
Breakdown Target: 0.019
Trend Indicators:

Monitor the price action closely around the support zone. A strong bounce with volume could confirm a bullish reversal.
A breakdown below 0.030 with high selling pressure would indicate further downside.
Conclusion:

For Bulls: Focus on maintaining the support zone and breaking above 0.035 for confirmation of a reversal.
For Bears: Watch for a loss of the 0.030 support to target deeper lows.
Keep an eye on BTC dominance and overall market sentiment for further validation of these moves.