Ethereum nears key Bitcoin price level that last time sparked 450% gains

Ethereum’s Ether (ETH) token is approaching a captious terms portion against Bitcoin (BTC), which historically marked the opening of a monolithic rebound.

ETH terms fractal from 2019 hints astatine bottommost

The ETH/BTC pair, presently trading adjacent 0.019 BTC, is edging person to 0.016 BTC — the nonstop level it reached successful September 2019 earlier rallying astir 450% implicit the pursuing year.

ETH/BTC play show chart. Source: TradingView

The existent ETH/BTC setup resembles 2019, with some periods marked by oversold relative spot scale (RSI), agelong stretches beneath cardinal moving averages, and multiyear declines.

In 2019, ETH/BTC fell implicit 90% successful the anterior 2 years, driven by the ICO collapse.

As of 2025, the brace is down implicit 80% from its 2021 peak, weighed by skepticism implicit Ethereum’s power to proof-of-stake (PoS), rising competition, and Bitcoin’s increasing dominance arsenic an organization asset.

In effect to the increasing concerns, Ethereum co-founder Vitalik Buterin has proposed caller architecture and protocol-wide standards to marque Ethereum simpler, faster, and arsenic maintainable arsenic Bitcoin wrong 5 years.

Related: Ethereum to simplify crosschain transactions with caller token standards

One expert called Buterin’s connection “the astir bullish happening for ETH.”

The bullish hopes travel arsenic ETH/BTC attempts to interruption escaped from its multi-year “bearish parabola.” This absorption curve has been instrumental successful limiting the pair’s upside attempts since December 2021 but showed signs of exhaustion arsenic of May 3.

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“We mightiness spot an extremity of this bearish parabola,” wrote chartist Jimie.

He noted that if the curved absorption holds, ETH/BTC could driblet toward 0.016 BTC — the aforesaid level wherever it bottomed successful September 2019 earlier rallying by astir 450%.

Flush ETH and bargain Bitcoin, says Adam Back

Skeptics similar Bitcoin’s proof-of-work pioneer, Adam Back, argue that Buterin is overlooking deeper plan flaws portion proposing to simplify Ethereum successful the coming years.

Back criticizes Ethereum’s account-based system, saying it adds unnecessary complexity compared to Bitcoin’s simpler UTXO (unspent transaction output) model. He argues this increasing complexity increases method risks and makes Ethereum harder to standard and secure.

Source: X/Adam Back

He besides warns that Ethereum’s displacement to PoS has concentrated powerfulness among insiders by redirecting miner rewards to ample tokenholders.

“At this point, conscionable flush ETH earlier it hits zero and bargain Bitcoin,” helium wrote, suggesting nary upgrade tin hole what helium views arsenic Ethereum’s flawed foundation.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.