Ethereum’s Ether (ETH) token is approaching a important worth zone in opposition to Bitcoin (BTC), which traditionally marked the start of an enormous rebound.
ETH worth fractal from 2019 hints at backside
The ETH/BTC pair, at present buying and selling close to 0.019 BTC, is edging nearer to 0.016 BTC — the precise degree it reached in September 2019 earlier than rallying practically 450% over the next yr.
The present ETH/BTC setup resembles 2019, with each intervals marked by oversold relative strength index (RSI), lengthy stretches under key transferring averages, and multiyear declines.
In 2019, ETH/BTC fell over 90% within the prior two years, pushed by the ICO collapse.
As of 2025, the pair is down over 80% from its 2021 peak, weighed by skepticism over Ethereum’s change to proof-of-stake (PoS), rising competition, and Bitcoin’s growing dominance as an institutional asset.
In response to the rising considerations, Ethereum co-founder Vitalik Buterin has proposed new structure and protocol-wide requirements to make Ethereum less complicated, quicker, and as maintainable as Bitcoin inside 5 years.
Related: Ethereum to simplify crosschain transactions with new token standards
One analyst called Buterin’s proposal “the most bullish thing for ETH.”
The bullish hopes come as ETH/BTC makes an attempt to interrupt free from its multi-year “bearish parabola.” This resistance curve has been instrumental in limiting the pair’s upside makes an attempt since December 2021 however confirmed indicators of exhaustion as of May 3.
“We might see an end of this bearish parabola,” wrote chartist Jimie.
He famous that if the curved resistance holds, ETH/BTC might drop towards 0.016 BTC — the identical degree the place it bottomed in September 2019 earlier than rallying by roughly 450%.
Flush ETH and purchase Bitcoin, says Adam Back
Skeptics like Bitcoin’s proof-of-work pioneer, Adam Back, argue that Buterin is overlooking deeper design flaws whereas proposing to simplify Ethereum within the coming years.
Back criticizes Ethereum’s account-based system, saying it provides pointless complexity in comparison with Bitcoin’s less complicated UTXO (unspent transaction output) model. He argues this rising complexity will increase technical dangers and makes Ethereum more durable to scale and safe.
He additionally warns that Ethereum’s shift to PoS has concentrated energy amongst insiders by redirecting miner rewards to giant tokenholders.
“At this point, just flush ETH before it hits zero and buy Bitcoin,” he wrote, suggesting no improve can repair what he views as Ethereum’s flawed basis.
This article doesn’t include funding recommendation or suggestions. Every funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
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