Ethereum May Soon Challenge Long-Term Resistance Against Bitcoin

Market analyst Michaël van de Poppe believes Ethereum is approaching a critical technical test against Bitcoin, according to recent charts. The $ETH/$BTC recovery has been linked to a bullish turn in the copper-to-gold ratio.

The macro ratio broke its own four-year downtrend during the first quarter of 2026, and Van de Poppe's chart shows that a similar breakout in the copper-to-gold ratio could lead to Ethereum challenging its long-term resistance against Bitcoin within the coming weeks.

Historical data suggests that there is typically a three-to-six-month delay between bottoms in the copper-to-gold ratio and subsequent recoveries in $ETH/$BTC. If this pattern continues, Ethereum could see significant gains against Bitcoin in the near future.