$BTC Predictions of Ethereum price with support test ETH/BTC

The price of Ethereum is trading at $2,513 at the time of publication, with the threat of a drop that could erase the gains that the alternative cryptocurrency achieved in May 2025. However, despite the continued decline, market sentiment towards Ethereum remains high, as institutional flows are shifting from Bitcoin to Ethereum.

The decline has also caused the ETH/BTC ratio to drop to a critical support level of 0.017, which led to a more than 20-fold increase in Ethereum's price during the bull market of 2021. It seems that the trend is repeating again, as the ratio has been forming an upward trend since it fell to this range.

To confirm this upward ratio trend and initiate a bull market similar to that of 2021 for the price of Ethereum, it first needs to overcome resistance at the Fibonacci level of 61.8% of $0.0422. A rebound from this level could then lead to a 2x increase to $0.082, indicating the highest level since September 2022. However, the bullish trend shown in the ETH/BTC ratio faces weaknesses, as the ADX descending line shows.