$ETHBTC shows first sustained weekly upper BB push since 2021, indicating a momentum shift.
8/34 EMA bullish cross setup appears for the first time since July 2024.
Resistance remains between 0.034–0.036, with potential targets at 0.04 and 0.047.
Ethereum’s ratio to Bitcoin ($ETHBTC) is testing a multi-year technical milestone, showing its first sustained weekly push above the upper Bollinger Band since 2021, while short-term momentum averages are on the verge of a bullish cross.
First Upper Bollinger Band Push in Four Years
The $ETHBTC weekly chart shows a strong rally from lows near 0.018 to the current 0.033 zone. Price has now maintained several closes above the upper Bollinger Band, signalling persistent buying interest after years of relative underperformance.
Cheds Trading (@BigCheds) noted this marks the first sustained upper BB push since 2021. Such a move indicates that Ethereum’s market strength versus Bitcoin has shifted in favour of buyers, reversing the prolonged downtrend observed through 2023 and early 2025.
8/34 EMA Cross Setup Nears First Attempt Since 2024
The 8/34 EMA cross, a short-term momentum indicator, is now approaching a bullish signal. The last attempt in July 2024 failed under bearish market conditions.
A confirmed cross could indicate a structural change in momentum, potentially encouraging capital rotation from Bitcoin into Ethereum. Supporting this setup, the 8 EMA is sloping upward while price remains above the 21 EMA.
Key Resistance and Market Performance
Resistance between 0.034 and 0.036 is a critical test for bulls. This zone served as key support during 2023 before the breakdown. A decisive breakout may open targets at 0.04 and 0.047 on extension.As of the tme of writing, Bitcoin trades at $116,562 with a 24-hour volume of $43.04 billion, up 1.45% daily. Ethereum as of writing,trades at $3,894.03 with $38.25 billion in daily volume, posting gains of 4.55% over
