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Viewpoint: ETH/BTC Breaks Five-Month Downtrend, Traders Predict Possible 170% Surge
According to CoinWorld, the price trend of ETH/BTC is repeating the pattern of the 2021 bull market. Trader Mags posted on X that ETH/BTC has reached the exact low point touched before the last bull market breakout in 2021 and is currently at the same support level as before the 170% price surge that year. If ETH/BTC rises by the same magnitude, it could reach 0.092, which would equate to $8,500. Digital asset lawyer Joe Carlasare pointed out that ETH/BTC has broken out of a nearly six-month-long downtrend. Trader Michaël van de Poppe stated that if ETH can hold the previous resistance zone as support, it shows buyers are willing to enter at higher price levels, which signals a potential price increase to $3,700. Additionally, Michaël van de Poppe believes that if $91,500 can serve as a support level, the BTC price could test $100,000 next week.