Astronomer (@astronomer_zero), a renowned technical analysis expert, has just released an impressive analysis of X, asserting that his 'cycle bottom' proposal for the ETH/BTC pair that he has pursued for months has officially been confirmed. The uniqueness of his approach lies in focusing entirely on the ETH/BTC exchange rate rather than ETH/USD - a method he believes accurately reflects Ethereum's relative strength compared to Bitcoin and avoids distortion from USD volatility.

Confirming the ETH/BTC Bottom from Market Sentiment

According to Astronomer, a price range stretched over several months on the ETH/BTC chart has played a crucial role as a turning point in the cycle. "The sentiment around ETH is at the worst level I've ever tracked," he writes. "Comments like 'ETH is a bad investment', 'Funds are selling ETH', 'SOL is the new ETH' or 'utility tokens are dead' - this extreme negative sentiment allows us to confirm the ETH/BTC bottom as well as make an initial prediction." He believes this is a market sentiment signal, a factor that often appears before cash flow begins to rotate back from Bitcoin to Ethereum.

Three ETH/BTC Targets for the Current Cycle

Based on cycle modeling and relative strength, Astronomer sets three clear targets for ETH/BTC:

0.058 BTC/ETH - About 35% higher than the current level. If Bitcoin maintains its current price, this level is equivalent to approximately 6,500 USD/ETH.

0.091 BTC/ETH - Nearly double the current level, bringing ETH to around 10,000 USD or more. This is the range where he intends to take profits on more than half of his trading portfolio.

0.16 BTC/ETH - The highest target, equivalent to 20,000 USD/ETH or more. Astronomer acknowledges that this is not the base scenario, but still leaves the door open for the possibility in case of strong cash flow into alternative coins.

A noteworthy point, according to him, is that the USD figures are just temporary conversions. In fact, he believes that Bitcoin will also continue to rise, meaning that the price of ETH in USD could be much higher when the ETH/BTC milestones are surpassed.

Why is ETH/BTC an Important Indicator?

Astronomer emphasizes that ETH typically only rises after Bitcoin has reached its initial cycle peak. "All major liquidity comes from BTC," he explains. "When Bitcoin attracts money first, capital will eventually rotate from BTC to ETH - that is a cycle law that has repeated many times."

Therefore, he does not rely on the ETH/USD chart or seasonal theories like 'September is red' or 'Sell in May'. According to him, seasonal factors are random, while the cash flow cycle is the core driving force.

Cash Flow and Position Structure Support Uptrend

Despite opinions suggesting that many investors are 'holding' ETH, Astronomer notes that most of them did not buy at the bottom but are stuck or using high leverage. "This structure really supports buyers," he writes. "As long as money continues to rotate from BTC to ETH, I maintain expectations for the announced targets."

Conclusion

Astronomer's analysis reinforces the belief that Ethereum is on the verge of a strong breakout in the current cycle, with potential milestones ranging from 6,500 USD to 20,000 USD if a positive scenario unfolds. This not only reflects the inherent strength of ETH but also emphasizes the importance of monitoring the ETH/BTC exchange rate - a key indicator for cash flow in the cryptocurrency market.

Register for a Binance account to receive permanent trading fee rebates:

- New account registration link: https://accounts.binance.com/register?ref=Q2FSX523

- Referral code: Q2FSX523