$ETH /$BTC pair has crossed its 365-day moving average and continues to show upward momentum, a first since the Ethereum Merge. This move follows a strong rebound from the 0.02 support level.
Historically, the ETH/BTC ratio peaked at 0.08. If Bitcoin stabilizes around $120,000, Ethereum would need to reach $9,600 to revisit that historical high in the ETH/BTC pair.
