Introduction
In the world of cryptocurrencies, the rise of altcoins is not only measured by the price of Bitcoin or Ethereum against the dollar, but there is a hidden indicator that professional traders closely monitor: the ETH/BTC pair. This pair shows the strength of Ethereum compared to Bitcoin, and is often the compass that determines when the altcoins wave (Altseason) begins. Today, this pair stands at a strong historical resistance at 0.038, and breaking it could ignite a major market rally.
Importance of Level 0.038
The level 0.038 did not come from nowhere; it is a price barrier that the pair has bounced off several times over the past years. Traders view it as a decisive decision zone: either reinforcing Bitcoin's dominance if Ethereum fails to surpass it, or the beginning of a new era of Ethereum leading the market if the breakout occurs.
Bullish Scenario
If Ethereum succeeds in breaking 0.038 with a strong weekly close supported by high trading volumes, this will be a signal of confidence for investors. This scenario means a gradual shift of liquidity from Bitcoin to altcoins, marking the emergence of a new season of Altseason. The next price targets will be around 0.041 and then 0.045, which are historical levels typically associated with a broad rush of small and medium altcoins.
Bearish Scenario
If the pair fails to overcome resistance, the market may witness a return to selling pressure on Ethereum against Bitcoin, placing levels 0.036 and 0.035 as key supports. This would mean the continuation of Bitcoin's dominance and the postponement of a broad upward wave for altcoins.
Impact on the Market as a Whole
The impact of this level is not limited to Ethereum alone, but extends to the entire market. Typically, a breakout of ETH/BTC from historical resistances is an early signal of the beginning of a new cycle for altcoins. Investors who notice this movement start shifting towards other projects in search of opportunities to multiply their profits, creating an overall upward wave.
Conclusion
The ETH/BTC pair stands today at a true crossroads. Breaking the 0.038 level will not just be a fleeting technical move, but could represent the announcement of the start of a new phase where Ethereum leads the market and triggers a massive upward wave for altcoins. On the other hand, failing this breakout means that control remains temporarily in Bitcoin's hands. For traders and investors, the coming days will be crucial in shaping the next cycle.
