#squarecreator - Ethereum approaches the key price level in Bitcoin that last time triggered a 450% gain
The current price setup of ETH against Bitcoin closely resembles 2019, with an oversold RSI and prolonged weakness below key moving averages after several years of decline.
Ethereum's ether token is nearing a critical price zone against Bitcoin, 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.
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 years prior, driven by the collapse of ICOs.
As of 2025, the pair has dropped more than 80% from its 2021 peak, weighed down by skepticism regarding Ethereum's transition to proof-of-stake (PoS), increased competition, and Bitcoin's growing dominance as an institutional asset.
In response to rising 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.
Ethereum would simplify cross-chain transactions with new token standards
An analyst called Buterin's proposal "BULLISH"
Bullish hopes arrive as the ETH/BTC pair attempts to break free from its multi-year "bearish parabola." This resistance curve has been critical in limiting the pair's bullish attempts since December 2021, but showed signs of exhaustion starting May 3.