The current price setup of ETH against Bitcoin closely resembles 2019, with an oversold RSI and prolonged weakness below key moving averages after a multi-year decline.
The Ether token
ETH
1624 €
of Ethereum is approaching a critical price zone against Bitcoin
BTC
85.210 €
, which historically marked the beginning of a massive rebound.
The price fractal of ETH since 2019 hints at a bottom
The ETH/BTC pair, currently trading near 0.019 BTC, is approaching 0.016 BTC, the exact level it reached in September 2019 before surging nearly 450% over the following year.
Weekly performance chart of the ETH/BTC pair.
The current setup of the ETH/BTC pair resembles 2019, with both periods marked by the relative strength index (RSI) being oversold, long stretches below key moving averages, and multi-year declines.
In 2019, ETH/BTC fell more than 90% in the two previous years, driven by the collapse of ICOs.
As of 2025, the pair has fallen more than 80% from its 2021 peak, weighed down by skepticism regarding Ethereum's shift to proof-of-stake (PoS), increased competition, and Bitcoin's growing dominance as an institutional asset.
In response to growing concerns, Ethereum co-founder Vitalik Buterin has proposed a new architecture and protocol-level standards to make Ethereum simpler, faster, and as easy to maintain as Bitcoin within five years.