The ETH/BTC chart for three days shows a downward parallel channel that has been in place since August 2025. The pair has consistently been printing lower lows and lower highs within it for almost a year.

In July, the ratio finally managed to close above the upper boundary of the channel. Currently, ETH/BTC is trading around 0,0289, with Ethereum at US$1.881, down 2,2% over the past 24 hours. A new crypto whale has accumulated 50.000 ETH this month as this ratio rises by 6%.

This breakout faces two obstacles above it. The nearest resistance is at 0,0316, while the next barrier is at 0,0352. In addition, the ratio is still trading below the 200-day moving average (the blue line). If it can break back above this line, the path toward the first resistance area could open.

If this pair sees a correction, the nearest support is at 0,0259. This level roughly coincides with the channel boundary that has already been broken, which is likely to turn into a confirmed support.$BTC ‌$ETH ‌