BTC has been losing to ETH since May, but the BTC/ETH chart is about to retest on a long-term support line. This is where BTC should start taking the lead over ETH.
The BTC/ETH ratio is around 24.5 ETH per BTC.
Key trendline from mid-2022 still intact
ETH seems like it will continue outperforming Bitcoin in the short run. Watch out for the 22 ETH per BTC level, it might act as support and there could be a reversal if this support holds.
Short-term optimism seems more robust for ETH here, since the top of BTC/ETH in April 2025 (56ETH per BTC).
The support for ETH is 4350-4300, if this support does not hold it will go under 4000$
BTC is in a secondary downtrend and trades in a channel between 109.5 and 107.5.
An upside move needs 109.5k to break up, for a target of 113k
On the downside , if 107k is taken out, the down move could go as low as 100k.
Do you think ETH will continue gaining momentum again versus BTC or is this the start of Altseason?
This is not an investment advice, DYOR.
https://www.reddit.com/gallery/1n5pglt
Posted by alt-co