For seasoned altcoin investors, few charts carry more weight than the ETH/BTC pair. A true shift in market momentum often begins with Ethereum gaining ground against Bitcoin. While the pair has shown signs of consolidation over the past several weeks, analysts now believe a pivotal move could be underway.
As of now, ETHBTC is battling the 0.02534 BTC resistance—a level that has rejected the bulls in at least three recent attempts. Should Ethereum break through, analysts suggest the next logical step would be reclaiming 0.03275 BTC as support. If successful, this could pave the way to 0.04149 BTC and potentially reignite Ethereum’s journey back to its $4,000+ highs.
From Breakdown to Breakout: ETH/BTC’s Long-Awaited Turnaround
Ethereum’s underperformance against Bitcoin has lasted nearly 1,000 days, marked by fleeting rallies and deeper retracements. But many believe the recent formation of a strong bottom signals the beginning of a structural reversal. With Bitcoin trading at $108,814.20 and its dominance facing headwinds, conditions may finally favor altcoins.
Historically, Ethereum peaked at 0.088364 BTC back in 2021. Should it return to that level while Bitcoin sits in the six-digit range, ETH could potentially hit $9,700. According to Dey There analysts, such a move could spark explosive gains across a wide range of altcoins.
Experts Weigh In: Bullish Signals Building
Well-followed analyst Miles Deutscher was among the first to express optimism. He recently wrote, “ETH/BTC looks strong. It’s the most constructive price action we’ve seen in a while—bull flag, flipped resistance, RSI reset—all bullish signals aligning.” His comments reflect increasing confidence that Ethereum could break out of its long consolidation range.
Crypto Bullet also echoed this sentiment, highlighting multiple failed breakout attempts that have weakened resistance. “This ceiling can’t hold forever,” he noted, pointing to a potential upside surge if the level gives way.
Meanwhile, Nic emphasized growing spot market demand, saying, “Bitcoin is hovering near all-time highs, yet perp funding rates are ice-cold. This rally is spot-driven and healthy—much more sustainable when the breakout comes.”
Is This Finally Altseason? Or Another Trap?
There’s cautious optimism in the air. On-chain and technical indicators are increasingly aligned, but as always, nothing is guaranteed in crypto. Bitcoin could still disappoint, dragging altcoins with it. That’s why, as Dey There reminds readers, even the most convincing setups must be balanced with sound risk management.
Sources:
Miles Deutscher on X: https://x.com/milesdeutscher
Crypto Bullet TradingView: https://www.tradingview.com
Nic on market structure: https://x.com/nic_analytics
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