Ethereum Overcomes Months of Underperformance vs Bitcoin as ETF Inflows Soar
Ethereum's prolonged slide against Bitcoin has reached a critical turning point, as the world's second-largest cryptocurrency shows renewed technical strength and an upsurge in institutional investment.
Analyst Aksel Kibar, CMT, highlighted a notable shift in the ETH/BTC trading pair after Ethereum rebounded from a local low of 0.0269 to 0.02918. On the USD chart, Kibar observed that ETH climbed from near $1,510 to $1,880, surpassing a horizontal neckline and transforming $1,842 into a significant support level.
This movement provides a foundation for a potential move toward a bullish pattern target of $2,163, provided price stability holds above the key threshold. Market participants are closely monitoring whether this technical reversal sustains its momentum, as ETH had been under persistent pressure from Bitcoin for months.
Kibar's analysis signals optimism for continued upward movement if the price consolidates above established resistance levels. Ethereum's dominance in tokenization and rising RWAs also reinforce long-term optimism.