Ethereum News Today: ETH/BTC Rebounds 110% From Cycle Low Amid Strong Buying Pressure

The ETH/BTC pair has shown signs of strength as the yearly candlestick forms with a long lower wick from the key 0.11 support level. This pattern, observed by analysts, suggests aggressive buying interest and a strong defense of cycle lows, reinforcing the idea that the market is preparing for a potential upward move. The candlestick structure is viewed as a bullish reversal signal, especially as buyers have managed to absorb selling pressure at critical levels [1].

Currently trading around 0.23, the ETH/BTC pair has rebounded from the cycle low, with the yearly wick indicating a strong recovery. This has led to renewed optimism among traders that the pair may be positioned to move toward higher resistance zones, particularly in the 0.26–0.30 range. Sustaining price action above 0.23 is seen as crucial for maintaining bullish momentum. If buyers continue to push higher, the path could open toward the 0.50 ceiling, a level reached during past market expansions [2].

Historical patterns have shown that when ETH gains strength relative to BTC, it often precedes broader altcoin rallies. This dynamic has added weight to the current bullish structure. CrypFlow, a prominent market observer, has noted that the reclaim of the mid-zone around 0.23 acts as a significant pivot. Maintaining price above this level could indicate a potential cycle reset, with ETH/BTC forming a foundation for a larger move in the current bull phase [3].

The ETH/BTC ratio has remained within a wide range since 2017, with 0.11 acting as the floor and 0.50 as the ceiling. While the past few years have seen corrective retracements, the current rebound suggests a return of demand at key support levels. The recent price action aligns with the characteristics observed before major reversals on higher timeframes, indicating that the market may be setting up for a more sustained rally [4].

Despite the bullish technical indicators, analysts remain cautious about potential short-term pullbacks. A breakdown below 0.23 could weaken the bullish narrative and invite further downside testing at 0.18 and 0.11. However, the current structure suggests that buyers are prepared to defend these levels, which could provide a buffer in the event of a temporary correction. The resilience shown at 0.11 reinforces the idea that the ETH/BTC market is gaining its own independent momentum, less influenced by macroeconomic factors [5].

The broader market environment also supports the ETH/BTC strength. Bitcoin and Ethereum are both showing mixed short-term performance, with Bitcoin currently at $117,388 and Ethereum at $4,395.10. While both assets have experienced recent declines, Ethereum's performance relative to Bitcoin remains more robust, which is a positive sign for the ETH/BTC ratio. The relative strength of Ethereum is seen as a signal for capital reallocation within the crypto space, with some investors shifting toward altcoins as Bitcoin consolidates [6].

The continued buying pressure at the 0.11 level is not only a technical indicator but also a reflection of growing confidence in Ethereum’s ecosystem. The ongoing adoption of Ethereum-based applications and the development of the DeFi sector are contributing to sustained demand. As the market navigates broader economic uncertainty, the ETH/BTC ratio is emerging as a key barometer for sentiment and capital flow within the crypto space [7].

Source:

[1]https://coinmarketcap.com/community/articles/68a066f738b1046dd94247cc/

[6]https://www.fastbull.com/news-detail/chinas-economic-momentum-falters-as-july-data-reveal-4339809_0