Double TOP Pattern

Ethereum is showing signs of weakening against Bitcoin as traders track a potential double-top breakdown on the ETH/BTC chart. Regulatory uncertainty following the CLARITY Act setback and elevated Binance inflows are adding pressure to the pair.

Bitcoin remained locked in a nearly two month consolidation as traders awaited the July Federal Reserve interest rate decision. Technical traders are watching whether BTC/USD can clear $66,820 after recovering from this month’s low of $57,200.