$BTC

Ethereum Price Predictions with ETH/BTC Support Test

The price of Ethereum is trading at $2,513 at the time of publication, with the threat of a decline erasing the gains made by the altcoin in May 2025. However, despite the ongoing decline, market sentiment towards Ethereum remains high as institutional flows shift from Bitcoin to Ethereum.

The decline has also caused the ETH/BTC ratio to drop to a critical support level of 0.017, leading to an increase of over 20 times in the price of Ethereum during the bull market of 2021. It appears that the trend is repeating again as the ratio forms an upward trend since its drop to this range.

To confirm this ratio's upward trend and initiate a bull market similar to 2021 for the price of Ethereum, it first needs to surpass the resistance at the Fibonacci level of 61.8%, which is $0.0422. A rebound from this level could then lead to a 2x increase to $0.082, indicating the highest level since September 2022. However, the bullish trend displayed in the ETH/BTC ratio is facing weakness, as indicated by the descending ADX line.