ETH/BTC nears a breakout from a multi-year downtrend, with resistance around 0.039 BTC marking a pivotal level for altcoin strength.
Mikybull Crypto notes similarities to August 2020, when ETH/BTC’s breakout triggered a broad altcoin season that shifted market dynamics.
Ethereum shows strength against Bitcoin with a 6.92% weekly gain, positioning ETH/BTC at a critical level traders are closely monitoring.
Ethereum/Bitcoin (ETH/BTC) is pressing against a multi-year descending trendline near 0.039 BTC, echoing the setup seen in August 2020. Analysts, including Mikybull Crypto, note this level could act as a trigger for a potential altcoin season.
Multi-Year Resistance at a Critical Level
The ETH/BTC trading pair has been trapped in a declining trendline since the middle of the year 2021. Every time an effort was made to regain momentum it was resisted, such that the ratio remained in a downtrend. The two have now moved up again near 0.03896 BTC, and are taking a direct test at this resistance.
It is clear that in the period between 2021 and 2024, ETH/BTC consistently made lower highs as Bitcoin was stronger on a relative basis. This trend was supported by BTC preference by the investor under uncertain circumstances. The long-lasting slump has intensified again at the beginning of 2025 and has led the ratio to low levels surrounding 0.03 BTC.
Nevertheless, ETH/BTC has rallied on the foundation of that value. Recent move towards critical point of resistance makes the pair stand at a critical position, and a breakout may turn the tide to altcoins.
Signals from Previous Market Cycles
Mikybull Crypto (@MikybullCrypto) emphasized that the current setup mirrors conditions from August 2020. At that time, ETH/BTC broke resistance, leading to a broad altcoin season. His observation suggests that history may be close to repeating if the breakout sustains.
The chart shared illustrates shaded zones of expansion and contraction. The green area in 2020 was a period that Ethereum rose and caused the rotation of capital on the altcoins. In comparison, the longer-lasting red zone between 2022 and early 2025 indicated that Bitcoin will take control and altcoins will remain weak.
The most recent bounce which is blue indicates that ETH/BTC is gaining speed again. This retest of resistance provides a structural context that traders are now closely monitoring.
Market Context and Price Movements
Current market data adds further perspective. Bitcoin trades at $117,761 as of writing, recording a 0.92% weekly increase despite a -0.95% daily decline. Ethereum trades at $4,462.80 as of writing, advancing 6.92% in the last seven days, though down -3.65% in 24 hours.
This divergence reflects Ethereum’s recent strength relative to Bitcoin. ETH’s recovery has helped ETH/BTC approach the breakout point that many analysts view as decisive. The ratio’s ability to hold and push higher could validate expectations for a new altcoin cycle.
A confirmed break above the 0.039–0.04 BTC range would mark the end of a multi-year trendline. Failure at this threshold, however, may keep Bitcoin dominance intact and delay broader market rotation.
