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It’s interesting how quickly sentiment can change.
For months, ETH has been one of the most overlooked large-cap assets in this app, but the ETH/BTC chart is approaching levels that could change the conversation.
After spending about a year in a downtrend versus BTC, the ratio is now testing its long-term trendline and a key horizontal resistance. That’s a level worth watching.
We’ve seen a similar setup happen with SOL not long ago. After breaking its downtrend versus BTC, relative strength followed.
The difference here is that every breakout attempt for ETH/BTC since last year has been rejected. If this one finally works, it could mark an important momentum shift and potentially signal that the ratio has found its cycle low.
If that happens, I wouldn’t be surprised to see ETH start outperforming BTC in the coming months.
But for now, it seems most people still aren’t expecting that scenario.
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$ETH $AKE $EVAA