🟣 Ethereum ($ETH )
/$BTC
Ratio – Undervalued & Bullish
The ETH/BTC ratio has entered an "extremely undervalued" zone—a strong historical indicator for upcoming ETH strength . Additionally, technical analysts flagged a descending broadening wedge and bullish divergence in the ETH/BTC chart, hinting at a possible breakout and the onset of an "altseason" .
Signal #2: Consolidation & Support Levels
ETH is currently trading at $2,516, below its 20-day EMA—indicating short-term bearish momentum. Immediate support lies around $2,424, with conviction above $2,745 needed to reignite bullish momentum .
Upside Potential
If the ETH/BTC ratio breaks higher, ETH could reclaim $3,000, possibly reaching $3,500+, in line with forecast models .
Long-term milestones include targeting $5,000–$6,000 on continued ecosystem growth, whale accumulation, and staking trends .
Risks: prolonged ratio consolidation, macro headwinds, or failure to hold key supports near $2,424.