🪙 Ethereum is nearing a key level — the last time this happened, it triggered a 450% rally
The ETH/BTC chart may be on the verge of repeating history: if it mirrors 2019, Ethereum could see a massive rebound.
What’s happening:
🟡 ETH/BTC is once again testing the 0.016 BTC zone — the same level where Ethereum began a 450% rally against Bitcoin back in 2019.
🟡 The setup looks nearly identical: oversold RSI, prolonged downtrend, and price sitting below key moving averages.
🟡 Back then, the drop was due to the ICO collapse. Now, ETH is pressured by the switch to PoS, rising competition, and Bitcoin’s growing dominance among institutions.
🟡 Vitalik Buterin has proposed a new Ethereum architecture — simpler and faster — in an effort to restore confidence. One analyst called it “the most bullish thing for ETH.”
🟡 If ETH/BTC breaks out of its multi-year bearish parabola, that could technically open the door to a new rally.
❕ But not everyone’s convinced: Bitcoin pioneer Adam Back says Ethereum’s architecture is too complex and fragile. His stance? “Flush ETH before it’s too late and buy Bitcoin.”
What do you think?
👍 — ETH will reverse and rally
🔥 — Ethereum is done, better to hold BTC
