The analysis identifies key levels for Bitcoin and Ethereum using technical charts. Bitcoin is in a long-term upward trend, but faces a descending resistance line at $124,000. A break below $110,000 would signal a breakdown, potentially leading to a shift in market sentiment. The analyst reviews that, Ethereum is outperforming, facing descending resistance at $4500 on its monthly chart. This is influenced by what BTC do. Also, Ethereum faces resistance that should be overcomed to validate upward rally. A key chart is ETHBTC chart is showing ascending formation towards the upside.