Ethereum has rallied from 0.02234 BTC to 0.03356 BTC as it nears a major resistance zone
The 3,409-day downtrend on the ETH/BTC chart could soon face its first breakout in years.
Traders watch closely as ETH approaches 0.03392 BTC, marking a key turning point for the pair.
Ethereum (ETH) is nearing a critical technical milestone as it challenges a downtrend that has persisted for over 3,409 days on the Bitcoin (BTC) pair. The ETH/BTC chart from TradingView, shared by GalaxyBTC, shows price action pushing toward a major resistance level defined by a green trendline dating back to early 2017. Current trading stands at 0.03356 BTC, marking a sharp 9.57% weekly gain from 0.03062 BTC.
https://twitter.com/galaxyBTC/status/1953674135189483848 Long-Term Downtrend Faces Test
For nearly nine and a half years, Ethereum has trended lower against Bitcoin, with each rally failing to break the descending resistance. The chart covers a historical range from 2017 to the present, revealing repeated rejection points along the same sloping line.
Since July 2025, ETH has climbed steadily from support near 0.02234 BTC, which lies inside a long-term demand zone. This rise has brought the pair within striking distance of the multi-year trendline, marked as the decisive breakout point. A highlighted blue box on the chart shows the anticipated area where price could meet or challenge resistance.
If ETH/BTC closes above the green trendline, it would mark the first breakout in 487 weekly bars, equivalent to 3,409 days. Such a move could signal a shift in market dynamics, potentially impacting the broader ETH and BTC valuations.
Recent Price Action and Key Levels
The latest rally saw Ethereum rise from a weekly low of 0.03059 BTC to a high of 0.03392 BTC. This surge aligns with bullish sentiment reflected in trader commentary.
On August 8, GalaxyBTC posted, “Let’s see what happens when we break a +3400 day downtrend on the BTC pair.” The post drew engagement from traders, with Luka G suggesting ETH could reach $4,000 in dollar terms. Another market watcher, Black…, remarked, “The breakout that we have been waiting for.”
The chart also identifies a key historical high near 0.15669 BTC, last reached during Ethereum’s strong run in early 2018. While current levels remain far below that peak, the technical setup suggests a potential shift if resistance is cleared.
Market Context and the Pivotal Question
The ETH/BTC ratio often serves as a sentiment gauge for the altcoin market’s strength against Bitcoin dominance. A sustained breakout above long-term resistance could encourage broader capital rotation into altcoins, especially Ethereum.
However, a rejection at the current trendline could see ETH retrace toward established support, maintaining Bitcoin’s dominance. Traders are watching closely as the 3,409-day streak approaches its defining moment.
With Ethereum approaching this decisive level, the market now faces a pivotal question: Will ETH finally break free from its longest downtrend against BTC, or will history repeat?
