Bitcoin News Today: Ethereum Surpasses 0.03200 BTC Mark in 18% 30-Day Rally

Generated by AI AgentCoin World
Thursday, Aug 7, 2025 2:46 pm ET1min read
BTC
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ETH
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Aime RobotAime Summary

- Ethereum's ETH/BTC price surged 18% in 30 days, breaking the 0.03200 BTC resistance level on Kraken.

- Strong technical indicators show ETH/BTC above all key EMAs, with bullish trendlines and volume confirming the rally.

- Analysts and traders highlight sustained upward momentum, with social media discussions speculating ETH's potential to outperform BTC.

- Current resistance at 0.03200 BTC could push prices toward 0.03300 BTC if maintained, supported by growing trader confidence.

Ethereum’s price relative to

Bitcoin
has shown a significant increase, as the ETH/BTC pair surpassed the 0.03200 BTC resistance level on Kraken. This marks a more than 18% rise in just under 30 days, with the price moving from a low of 0.02700 BTC in early July to 0.03200 BTC by August 7, 2025. The upward movement is supported by strong technical indicators, with the pair maintaining a position above all four key exponential and simple moving averages [1].

On the 4-hour chart,

Ethereum
has established a clear bullish trendline, with price forming consistently higher highs and higher lows. The recent break above the 0.02888 BTC resistance level has acted as a catalyst for the rally, with the price continuing to receive support from the 50 EMA at 0.03155 BTC and the 100 EMA at 0.03128 BTC. The 200 EMA at 0.03060 BTC and the 300 EMA at 0.02888 BTC also provide critical support levels should a correction occur [1].

Volume analysis further confirms the strength of the ETH/BTC rally, with a large green candle breaking out near July 13 and pushing the price from 0.028 to 0.031 BTC. The increase in volume during each upward move validates the continuation of the bullish trend. Chris Burniske, a noted analyst in the crypto space, shared a chart on social media highlighting the sustained upward pressure in Ethereum’s relative strength, stating, “$ETHBTC doesn’t look like it wants to stop…” [1].

Social sentiment among traders has turned increasingly bullish as the price action gains strength. The chart post has received over 72,000 views on X, with many traders engaging in discussions about Ethereum’s performance. Some users have even speculated on the possibility of Ethereum outperforming Bitcoin in the near term. The rising trend has sparked discussions, with one comment reading, “Flip all BTC to ETH?” suggesting a growing belief in Ethereum’s potential dominance [1].

Currently, the 0.03200 BTC level acts as near-term resistance. A successful breakout above this level could bring the pair toward 0.03300 BTC, while a failure to maintain the 0.03128 BTC level may lead to short-term profit-taking. The overall bullish structure, combined with strong trader confidence, suggests that the trend may continue in the coming weeks [1].

Source: [1] Ethereum Crosses 0.03200 BTC Mark While All EMAs Offer Strong Support (https://cryptonewsland.com/ethereum-crosses-0-03200-btc-all-emas-support/)