ETH/BTC rebounds from key historical support level

The latest rebound has once again sparked speculation about Ethereum potentially returning and periods of strong ETH performance.

Each time this level has been reached in the past, the relative value of Ethereum against Bitcoin has surged strongly. Now, traders are closely watching to see if history will repeat itself — with Ethereum regaining strength after a prolonged underperformance.

The key resistance levels to watch are 0.081 and 0.149, both of which represent previous consolidation areas. If ETH/BTC can break through these two levels, it may confirm a bullish reversal for the ratio and indicate that Ethereum's momentum will shift towards Bitcoin.

Bitcoinsensus also noted that this could mark the beginning of a long-term accumulation phase for Ethereum, especially as macro trends, institutional interest, and ETF developments continue to favor ETH.

Bitcoin's target price is $120,000, while altcoins indicate the potential for historic breakthroughs.

As Ethereum's fundamentals strengthen and historical patterns send bullish signals, traders are now preparing for the next significant rotation from BTC to altcoins — once again led by ETH.