- ETH/BTC has formed a descending triangle since 2018, compressing between 0.030 BTC support and a long-standing resistance line.
- Price action is heading toward the resistance trendline, supported by a flattening 50-period moving average and RSI recovery.
- A breakout above the triangle may push ETH/BTC to 0.060 BTC, with projections placing ETH between $19K and $20K.
The ETH/BTC trading pair is nearing a decisive point, as a long-standing technical pattern continues to tighten around key levels.
Six Years of Compression Nearing a Tipping Point
The ETH/BTC chart shows a descending triangle pattern that has been forming since 2018. This structure has seen Ethereum maintain a solid base at the 0.030–0.031 BTC range while producing lower highs under a persistent descending trendline. Over the past six years, this narrowing range has built pressure within the pair.
Crypto analyst Jonathan Carter posted on X that the ETH/BTC triangle is approaching a six-year resistance. He noted, “Don’t chase only daily moves. Watch decade-defining patterns too.” The structure, referred to as a “coiled spring,” could see expansion if the price manages to break the descending resistance.
Currently, ETH/BTC is moving toward this resistance after bouncing from support. The 50-period moving average is flattening, signaling reduced downward momentum and a possible shift toward bullish continuation.
Breakout Could Shift Ethereum’s Performance Against Bitcoin
A confirmed breakout above the triangle may open the way for ETH/BTC to aim at 0.060 BTC.Should the momentum persist, the pair may reach the 0.100–0.105 BTC ranges. These levels align with historical volume zones and key psychological areas.
Momentum indicators are showing early signs of recovery. The Relative Strength Index (RSI) is rebounding from prior oversold conditions, pointing to strengthening demand. The ETH/BTC chart has repeatedly respected support, adding to the credibility of this multi-year formation.
Carter also noted the broader market context. If Bitcoin reaches the projected $250K–$300K range, a strong ETH/BTC breakout could correspond with Ethereum climbing to $19K–$20K. The alignment of technical and macro targets adds to market interest.
Ethereum Renaissance Narrative Gains Attention
Market participants have started to monitor the ETH/BTC pair closely. The structure’s development over six years has attracted attention due to its consistency and clear boundaries. It’s possible the breakout may signify the change of relative strength in Ethereum in the ongoing crypto cycle.
Carter asked followers, “Are you positioned for the $ETH renaissance?” referencing the pattern’s possible effect on Ethereum’s next major move. The triangle now stands as a focal point for analysts tracking Ethereum’s standing against Bitcoin.
