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Technical Analysis

ETH/BTC ratio at 0.04: Will Ethereum reclaim 0.045 soon?

Published: Oct 18, 2024
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ETH/BTC ratio holds firm at 0.04. Will Ethereum reclaim 0.045 resistance and start outperforming Bitcoin soon? Discover key levels and scenarios today.

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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.


Ethereum is sitting at a crossroads. For the past six weeks, the ETH/BTC pair has clung to the 0.04 support level, refusing to break down despite multiple tests. This is more than just consolidation- this is Ethereum holding the line, preparing for what could be a defining reversal against Bitcoin.

  • Support: The 0.04 grey zone is rock solid, and even if the price wicks down to 0.035, this area is shaping up to be Ethereum's bottom against Bitcoin.
  • Resistance: To really get things moving, ETH/BTC needs to reclaim the 0.045 level. This is where we start seeing Ethereum taking back some control from Bitcoin.
  • Potential scenario: The longer Ethereum holds this support, the stronger the eventual move. Once it breaks 0.045, expect capital to flow heavily into ETH, giving it the momentum to start outperforming Bitcoin in the coming months.

Conclusion

Ethereum has been quietly holding its ground, and the pressure is building. With key support intact, the next leg up could see Ethereum lead the charge in this bull run.

2. Weekly chart of ETH-BTC pair, highlighting descending wedge pattern and key support levels to watch for potential breakout.

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