The Ethereum's Ether (ETH) token is approaching a critical price zone against Bitcoin (BTC), which history marked the beginning of a massive rebound.
Eth price fractal from 2019 clues below
The ETH/BTC pair, currently trading near 0.019 BTC, is closer to 0.016 BTC – the exact level it reached in September 2019 before ralling by nearly 450% next year.
The current ETH/BTC setup resembles 2019, with the same periods marked by the Oversold Relative Strength Index (RSI), long stretches below the keys moving average, and Multiyear decline.
In 2019, ETH/BTC fell 90% over the last two years, driven by the ICO collapse.
Up to 2025, the pair dropped more than 80% from its 2021 peak, weighted by Subliceism Over Ethereum's switch to proof-of-stake (POS), rising competition, and growing Bitcoin's dominant dominance as an institutional property.
In response to growing concerns, Ethereum co-founder Vitalik Blerin has proposed new architectural and protocol standards to make it simpler, faster, and reflected as Bitcoin for five years.
Related: Ethereum to simplify crosschain transactions with new token standards
An analyst Called Blerin's proposal is “the most bullish thing for ETH.”
Bullish hope will come as the ETH/BTC attempts free from the multi-year “Bearish Parabola.” This resistance curve has been instrumental in limiting the upside -up attempts of the pair since December 2021 but showed signs of fatigue on May 3.
“We can see a conclusion of this bearish parabola,” the chartist wrote Jimie.
He noted that if the curved resistance holds, the ETH/BTC may drop to 0.016 BTC -the same degree to which it drops in September 2019 before ralling at approximately 450%.
Flush et and buy bitcoin, says Adam back
Bitcoin's proven-to-work pioneer pioneer, Adam Back, Adam Back, Argue That bakerin overlooks deeper design flaws while suggesting to simplify Ethereum in the coming years.
Back to criticize the Ethereum account -based system, stating that it adds unnecessary complexity compared to the simpler UTXO model (UNSPENT transaction) of Bitcoin. He argues that growing complexity increases technical risks and makes Ethereum more difficult to measure and safe.
He also warns that Ethereum's move to POS has concentrated power over the insider by reclaiming miners' rewards to large tokenholders.
“At this point, you just flush before it hit zero and buy Bitcoin,” he wrote, suggesting that no upgrade could fix his views as Ethereum's foundation.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
