The ETH/BTC trading pair has rebounded from a historically significant support level at 0.018, a zone that previously marked major turning points in 2019 and 2020, according to Bitcoinsensus.
This latest bounce is renewing speculation about a possible rotation back into Ethereum and a period of ETH outperformance.
Each previous visit to this level led to strong rallies in Ethereum’s relative value versus Bitcoin. Now, traders are watching closely to see if history repeats itself, with Ethereum regaining strength after a prolonged period of underperformance.
The key resistance levels to monitor are 0.081 and 0.149, both of which represent prior consolidation zones. If ETH/BTC can break through these levels, it may confirm a bullish reversal on the ratio and signal a shift in momentum favoring Ethereum over Bitcoin.
Bitcoinsensus also suggests this could mark the beginning of a long-term accumulation phase for Ethereum, especially as macro trends, institutional interest, and ETF developments continue to align in ETH’s favor.
With Ethereum’s fundamentals strengthening and historical patterns flashing bullish signals, traders are now positioning for what could be the next major rotation away from BTC and back into altcoins—led once again by ETH.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/eth-btc-bounces-from-key-historical-support-zone/