- ETH/BTC yearly chart shows a long lower wick at 0.11, signaling strong dip absorption and bullish reversal signs.
- Reclaiming 0.23 as support opens the path toward 0.26–0.30 before testing higher resistance levels in the current cycle.
- History shows ETH strength against BTC often precedes broad altcoin rallies, adding weight to the bullish structure.
ETH/BTC is trading around 0.23 after rebounding from the cycle low of 0.11. The yearly candle is showing a strong recovery wick, suggesting buyers defended range lows and may be preparing for a push toward higher resistance zones.
ETH/BTC Defends Range Low with Strong Wick
CrypFlow shared that the ETH/BTC yearly candle is shaping up with a massive lower wick from the 0.11 level. According to the post, such a reaction demonstrates aggressive buying interest and reinforces the idea of cycle lows being defended.
Since 2017, ETH/BTC has moved within a wide range between 0.11 as the floor and 0.50 as the ceiling. The 2021 expansion candle tested higher resistance, followed by corrective years that retraced to the bottom of the range. This year’s rebound signals demand returning at key support.
The reclaim of the mid-zone around 0.23 is now being treated as an important pivot. Sustaining price action above this threshold could allow ETH to build momentum toward the 0.26–0.30 supply area.
Breakout Levels and Cycle Structure
The current structure shows that ETH/BTC has formed a potential cycle reset. Buyers stepped in strongly, absorbing selling pressure and leaving behind a clear yearly wick. Such price behavior is often observed before larger reversals on high time frames.
If strength continues, the pair may gradually grind toward the cycle ceiling at 0.50, a level reached in past expansions. CrypFlow suggested this scenario is consistent with historical behavior, where ETH regains dominance before broad altcoin rotations.
A pullback remains probable over the short term, though, particularly had 0.23 failed to support. Annual closes below this zone would sap the bullish impulse and invite downside probes at 0.18 and 0.11..
Broader Market Context
The ETH/BTC move is coinciding with the volatility witnessed in the price of Bitcoin and Ethereum. Bitcoin is priced at $117,388 as of writing, USD with a 24-hour loss of 1.34 percent and moderately positive on the weekly timeframe.
Ethereum is trading at $4,395.10 as of writing, with a decrease of 5.32% in the past 24 hours, but an increase of 5.08% in the last week. These figures reflect short-term corrections despite stronger weekly trends.
CrypFlow noted that historically, when ETH gains relative strength against BTC, altcoins experience larger rallies. If the current structure holds, traders may look to this setup as an early signal for a broader market rotation.
