2026-01-02 19:27:21

ETH against BTC showing strong technical setup on the daily timeframe. The chart is painting a classic bullish dragon formation here, with price pulling back across three bars before reversing. That engulfing candle pattern at the key level is textbook bullish momentum—exactly the kind of setup traders scout for counter-trend bounces. If this holds, we could see some interesting flow into altcoins relative to BTC dominance.

ETH1,03%

BTC1,83%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
8
Repost
Share

Comment

0/400

DefiEngineerJack

· 5h ago

ngl the "bullish dragon formation" is doing some heavy lifting here—actually™ those three-bar pullbacks are statistically non-trivial but hardly deterministic. show me the formal verification on that candle engulfment or it's just narrative cope imo

Reply0

GateUser-ccc36bc5

· 17h ago

Dragon form? Uh, it looks more like repeated probing to me. Can it really break through the level?

View OriginalReply0

MetaverseVagrant

· 01-04 02:52

The dragon form is really here this time, ready to harvest another wave of newbies.

View OriginalReply0

GasGuzzler

· 01-02 19:56

Dragon form again... Looks pretty interesting, but don't be fooled by the hype.

View OriginalReply0

ser_ngmi

· 01-02 19:56

The dragon pattern is indeed interesting, but I've heard this kind of chart explanation too many times, and it always ends up failing.

View OriginalReply0

MetaLord420

· 01-02 19:52

ngl I’ve been looking at this dragon form for a while and I’m still a bit confused, but if it really rebounds, then altcoin season should be coming.

View OriginalReply0

AirdropHustler

· 01-02 19:42

Dragon form? Here we go again. Last time I said that, I got wrecked on the floor haha

View OriginalReply0

GasOptimizer

· 01-02 19:31

Dragon pattern + engulfing candle? Based on the data, the rebound probability is indeed within the fluctuation range, but I've seen this trick fifty times last year, and every time they say "if it works," but what was the result?

View OriginalReply0