The ETH/BTC pair is considered the "hidden indicator" for Ethereum dominance at $ETH against Bitcoin's $BTC .
Historically, whenever ETH/BTC breaks key resistances, altcoins experience significant inflows and new liquidity.
The level of 0.038 is a strong historical resistance area. It represents a ceiling from which the price has rebounded several times in the past years.
A clear breakout above 0.038 with strong trading volume will be considered a clear signal that Ethereum will lead a bullish wave for the altcoin market.
In this case, we may see a surge towards levels of 0.041 – 0.045, and with it, an upward wave for altcoins begins.
Negative scenario
If it fails to break 0.038, it may remain under Bitcoin's pressure, which means continued BTC dominance and a slowdown in altcoin rallies.
The nearest support is at 0.036 – 0.035.
