🚨 🚨 ETH/BTC is now testing one of the most critical levels in its history. For the past 8 years, ETH has been capped under a long-term descending resistance trendline that began in 2017. Multiple breakout attempts — in 2021, 2022, and 2023 — all ended in rejection, reinforcing BTC’s dominance✅
👉 Today, ETH/BTC is once again pressing into this 8-year resistance zone (0.039–0.045 BTC), while also colliding with the 200-week EMA. This rare confluence creates a decisive moment for the market. A weekly close above 0.045 BTC would mark ETH’s first breakout from this long-standing bear structure, potentially opening the path to higher targets at 0.06, 0.08, and even 0.10 BTC in the next cycle
On the flip side, a rejection here could trigger a sharp pullback of 20–30%, dragging ETH lower against BTC once again 🩸
📌 In simple terms : ETH/BTC is at a true make-or-break point. A breakout could ignite a major ETH-led cycle and possibly kick off the next altcoin season 💚💚💚$BTC