Log in

Technical Analysis

ETH BTC ratio today: 0.057 resistance in focus, what's next?

Updated: Aug 31, 2024
Published: Aug 14, 2024
0
Share:

What is Bitcoin: Bitcoin (BTC) is the pioneering cryptocurrency introduced by the enigmatic Satoshi Nakamoto in 2008. It operates on a revolutionary decentralized ledger known as the blockchain and is widely regarded as digital gold due to its finite supply and secure, transparent nature. As the first and most recognized cryptocurrency, Bitcoin remains a cornerstone of the digital asset world.

Post Feature Image

ETH/BTC

Current state: On the weekly timeframe, ETH/BTC has been trading within a longstanding falling wedge, a pattern that typically precedes a reversal. Recently, the price has tested and liquidated zones below the lower end of the wedge, around the 0.04 level. This zone has acted as a significant support, but we have yet to see a clear reversal in this script.

Key observations

  • Support: The 0.04 area has provided substantial support, with liquidity being tested and absorbed in this region.
  • Resistance: A break into the 0.045 area and a move back into the wedge would be a strong signal for ETH and the broader altcoin market.
  • Potential scenario: Should ETH/BTC break back into the wedge, the 0.057 level is the next significant resistance that needs to be tested. A quick move to this level could indicate the first liftoff phase for meme coins and altcoins.
The Ethereum/Bitcoin trading chart shows a descending triangle pattern with key support at 0.04461 BTC and resistance around 0.05701 BTC.

Conclusion 

ETH/BTC is at a critical juncture, where a move back into the wedge and a test of the 0.057 level could ignite a broader rally across altcoins. This script serves as a key indicator of altcoin performance against BTC, and its movements will be essential to monitor in the coming days.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


Bitcoin's all-time high (ATH) is $75,757. 

How to Buy:

  • Via Centralized Exchange (CEX):
    1. Choose a CEX like Binance, Coinbase, or Kraken.
    2. Create and verify your account.
    3. Deposit fiat or other cryptocurrencies.
    4. Navigate to the BTC trading section and complete your purchase.


 

 

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025
Market Pulse: Inflation Set for Steady Print, BTC Eyes Range Breakout
PRO
Market Pulse
Market Pulse: Inflation Set for Ste...Tomorrow’s inflation numbers are expected to be flat, but the Fed's focus has shifted. BTC sits at r...
4 min read
Oct 23, 2025