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ETH/BTC monthly chart is starting to look interesting.
Price has closed above the MA 20.
The last clean reclaim of this level came in July 2020.
What followed?
ETH/BTC: 0.0315 → 0.088
ETH: $225 → $4,372
In August 2025, price also touched this average but failed to hold it and eventually dumped back toward the lows.
That’s the key difference now.
ETH/BTC needs to stay above the MA 20.
MACD is also turning up from a similar area to the one that preceded the 2020 breakout.
If the hold works:
First target → 0.050
Stretch target → 0.088
Meanwhile, ISM came in at 54.6 vs 55.2 expected, showing growth is still holding up but slowing.
If macro conditions continue moving toward easier monetary policy, ETH could have more room to outperform.
This setup is definitely worth watching. 👀