From Coinpedia · By Yash Jain
Story HighlightsETH/BTC reportedly broke its long-term downtrend for the first time since 2017.
The $0.040 ETH/BTC level is the key resistance to watch next.
Failure below $0.040 could leave the Ethereum price in consolidation.
The Ethereum price setup just got more interesting. ETH/BTC has reportedly broken its long-running downtrend, ending a period of relative weakness against Bitcoin that had stretched back to 2017.
That doesn’t automatically mean the next leg is guaranteed. The chart still has a major hurdle at $0.040, and what happens there could decide whether this breakout has real follow-through or simply fades into another stretch of consolidation.
ETH/BTC Breakout Finally Changes The Setup
The key claim is straightforward: ETH/BTC has broken its downtrend for the first time since 2017.
That puts Ethereum in a different position against Bitcoin. After years of bleeding relative to BTC, the breakout has raised the possibility that ETH could begin behaving more like a leading blue-chip asset within the current crypto cycle. But markets don’t hand out confirmations for free.
Ethereum Price Needs To Clear $0.040
The $0.040 level is now the line everyone is watching. If ETH/BTC breaks above it and keeps the move intact, expectations for a larger Ethereum price rally could build quickly. That’s the bullish case.
Assuming a generous rally, this is where the setup gets even more interesting. A trendline break looks significant, but resistance still needs to give way.
The other scenario is less exciting. If ETH/BTC fails beneath $0.040, the recent breakout could lose momentum, leaving the Ethereum price stuck in consolidation instead of launching into a stronger move.
For now, $0.040 is the level separating a potentially larger Ethereum price rally from another period of waiting.
TagsCrypto news Ethereum Price Analysis