Ethereum Signals Bearish Divergence Ahead of Bitcoin's Next Move

Bitcoin's recent bounce is facing a warning sign as Ethereum fails to confirm further upside. This difference in signals between the two cryptocurrencies is a bearish signal for Bitcoin bulls.

BTC must break its range high and $82,793 resistance to confirm bullish momentum. A drop below $78,660 puts $76,968 in focus as the next key downside level.

Bitcoin recently bounced after taking sell-side liquidity, showing short-term strength. However, Ethereum already moved above its range high and took buy-side liquidity around $2,526-$2,530 before falling back. Bitcoin has failed to make the same move, creating a bearish SMT divergence between the two cryptocurrencies.