Looking at ETH/BTC on the 1-hour chart, I've been noticing some interesting signals forming. The RSI and the KDJ indicator have finally crossed to the bullish side, which is usually a good sign. But here’s the detail that can’t be ignored: the price is still stuck below the annual PP of 0.032, which acts as a well-established resistance there.

What makes this even more relevant is that this PP resistance converges with a descending line coming from above, creating a well-defined zone. When you have two technical factors converging like this, things get more serious, you know?

For now, even with the KDJ signaling an uptrend, this 0.032 level is really the main obstacle we need to overcome. Without breaking this point, any upward movement remains limited. It’s one of those moments where the KDJ says one thing, but the price structure says another. So in my view, the next significant move heavily depends on how we handle this confluence. It’s worth paying attention to that.